CRC Group acquires ARC Excess & Surplus

Insurance wholesaler CRC Group has acquired ARC Excess & Surplus, a specialty wholesale insurance distributor with more than $1 billion in annual premium.

Founded in 1986 by Chris Cavallaro and headquartered in New York, ARC was established as a boutique management and professional liability wholesale broker. Over the years, ARC expanded its expertise to include property and casualty products and operates six offices across the US, including locations in New York, California, Florida, Georgia, New Jersey, and Connecticut. ARC maintains relationships with over 250 carrier partners and serves over 2,000 retail brokers nationwide.

ARC will join CRC Specialty, continuing to operate under its existing leadership team.

“This acquisition marks a major step forward as we continue to build CRC’s specialty capabilities. ARC’s deep expertise in professional liability, strong retail and carrier relationships, and proven leadership will enhance our ability to deliver best-in-class solutions across the industry. We are excited to welcome Chris, Mike, and the entire ARC team to CRC Group and look forward to the immediate impact they will have in strengthening our ExecPro practice.” – Dave Obenauer, CEO of CRC Group.

“Joining CRC is a tremendous opportunity for our company, employees, and clients. ARC and CRC share similar cultures, built on expertise, relationships, and doing right by our partners. We are excited to begin this next chapter together.” – ARC Co-Founder and Executive Chairman Christopher Cavallaro.

“CRC’s national scale, technology-driven platform, and commitment to excellence align perfectly with our vision for ARC. Together, we will be able to offer even greater value, broader market access, and innovative solutions to our clients while maintaining the high level of service they expect.” – Michael Cavallaro, CEO of ARC.