Wholesale insurance broker CRC Insurance Services Inc. said it has acquired Sumter, S.C.-based Southern Risk Operations, LLC. Terms of the deal were not released.
Southern Risk is an excess and surplus lines insurance broker specializing in coverage for a broad range of risks, including high-risk personal and commercial properties along the East Coast. Its specialty lines include commercial transportation, property and liability, marine and professional coverage for directors and officers.
Founded in 1990 by Jim Mayes, the firm operates branch offices in Miami; Marlton, N.J.; Concord, N.H.; and Timonium, Md., through its Horan Goldman subsidiary, which was founded in 1963.
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