CRC Insurance Services
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Based in Chicago, the executive will report to national casualty practice group leader Bob Greenebaum. -
Keith Allred will succeed the late Bill Pinson, who passed away in June.
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The $3bn+ unit combines CRC Programs and the recently acquired Constellation Affiliated Partners.
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Commercial auto, hospitality, public entity and higher ed are among the sectors seeing continued rate hikes and limited capacity, according to CRC Group.
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Around 16% of the wholesaler’s accounts absorbed rate rises above 20% in March and the other 31% saw rate increases between 10% and 19%.
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The program offers E&O insurance coverage for real estate agents, appraisers, title agents, abstractors, home inspectors and mortgage brokers.
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The wholesaler also said the ultimate size of industry claims from Winter Storm Uri and Hurricane Ida were less relevant than shock unmodeled loss components.
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CRC executives discussed Covid-19 exclusions, the senior living space and sexual misconduct in the healthcare liability market on CRC Group’s latest podcast.
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CRC Group has continued to expand its operations in the south of the US, with the acquisition of a broking team and renewal rights from Houston-based MGA Griffin General Agency.
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The executive previously spent 10 years at AIG in energy underwriting roles, including in the carrier’s North American oil and petrochemical segment.
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The broker also says that residential umbrella coverage in New York and in the southeast has become increasingly difficult to obtain.
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The appointments, effective on January 1, follow the elevation of Mike Brennan to CEO of commercial solutions in October.
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