Eatontown-based Crum & Forster Accident & Health on Tuesday said it acquired medical stop-loss insurance agency Partners Managing General Underwriters LLC, as the latest move in expanding its position in the self-insured marketplace.
C&F continues to make investments in the Accident & Health operation to vertically integrate marquee products into its portfolio. The firm said the acquisition comes at a time of growth and evolution in the self-insured industry and demonstrates C&F’s commitment to this central line of business.
“The acquisition of PMGU marks an exciting start to 2023,” Gary McGeddy, president of C&F Accident & Health, said. “Our companies share the same vision and culture, and a commitment to partner service. Brian (Miller) and his team will report into Gary Nidds, executive vice president of the Medical Business Unit, and the collective mission of our two organizations presents a wealth of opportunity to evolve and scale in a growing ecosystem.”
Miller, CEO of PMGU, shared: “I know I speak for all of PMGU in sharing our excitement as we officially become part of the C&F A&H family. We have been strategically aligned for nearly seven years, and this move is one that is not only great for our organization, but also for those we have and will continue to serve.”