CRC Group Completes its Previously Announced Acquisition of Atrium, Expanding Global Specialty Capabilities

(08.01.2026) — CRC Group, a leading independent wholesale specialty and MGA business, has announced the completion of its previously announced acquisition of Atrium, a premier managing agency underwriting business at Lloyd’s. All closing conditions have been satisfied.

Atrium will retain its brand name and operate independently under the leadership of CEO John Fowle and its existing management team.

The acquisition marks a significant step in CRC Group’s global expansion strategy, underscoring the company’s commitment to partnering with exceptional specialty businesses that share its values of underwriting excellence and client-first focus.

“We are thrilled to officially welcome Atrium to CRC,” said Dave Obenauer, CRC Group CEO. “This acquisition reinforces our commitment to delivering exceptional value to our clients and partners while staying true to the shared values that define both organizations.  We are expanding our international reach, broadening our specialty capabilities, and leveraging our combined strengths to drive innovation and create new opportunities for collaboration across our global network.”

Atrium, which manages Syndicate 609 and recently launched Syndicate 2026 at Lloyd’s, is recognized for its expertise across property, casualty, and specialty insurance and reinsurance. In 2024, Atrium generated $1.3 billion in gross written premiums and maintains a long-standing reputation for delivering consistent returns to capital providers through disciplined underwriting and operational excellence.

“Today marks a new chapter in Atrium’s story as we accelerate the delivery of our strategy as part of CRC Group,” said John Fowle, CEO of Atrium. “Atrium’s unwavering commitment to market-leading underwriting performance is now underpinned by CRC Group’s long-term commitment and support as we drive the business forward.”

Together, CRC and Atrium will leverage their experience and resources to enhance opportunities for brokers, clients, and partners worldwide.

Insurance Advisory Partners LLC and Guy Carpenter Capital & Advisory served as financial advisors, while Simpson Thacher & Bartlett LLP and Norton Rose Fulbright served as legal advisors to CRC Group. Evercore Partners International LLP served as exclusive financial advisor, and Debevoise & Plimpton LLP served as legal advisor to Northshore Holdings Limited, Atrium’s prior holding company. RPC advised Atrium and Atrium management.

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