United States Fire Insurance Company, part of Crum & Forster, announces the signing of an acquisition agreement with Trinity Risk of Middlefield, Connecticut, pursuant to which Trinity will join Crum & Forster's Accident & Health operation. Trinity Risk has been providing independent insurance agents and brokers with alternative workers' compensation solutions since 2011. Crum & Foster and Trinity Risk have enjoyed a strategic partnership for the past five years, providing independent contractors with a variety of alternative market coverage and sound risk management strategies.
"We are very excited to enter this new chapter of our story," said James M. Obregon, Chief Executive Officer of Trinity Risk. "This acquisition will allow us to build upon Trinity Risk's growing business and add both experience and product capabilities that we believe will be tremendously valuable to our
clients."
"We're thrilled to join the Crum & Forster team. This partnership will help expand our national footprint and offer additional opportunities to provide unique trucking and non-trucking related insurance products and risk management solutions to the U.S. marketplace," said David Kaplan, President & Chief Underwriting Officer of Trinity Risk.
"We are excited to welcome Trinity Risk to the Crum & Forster family and to further expand our group with such talented individuals," said Gary McGeddy, President of Crum & Forster Accident & Health. "Trinity has worked closely with the A&H team since its formation as well as other business units of C&F as they've broadened their offerings. This is an extremely positive investment in the expansion of our portfolio."
Crum & Forster has been underwriting occupational accident insurance for many years and will continue to offer a broad suite of products through various distribution channels. Crum & Forster's philosophy of diversification through its partners and unique industry segments has been a key factor in the success of the Accident & Health division.
Crum & Forster is a subsidiary of Fairfax Financial Holdings Limited. Fairfax continues to make investments in Crum & Forster's Accident & Health operation to vertically integrate marquis products into its portfolio. This acquisition comes at a time of change and evolution in the insurance industry and demonstrates the Fairfax family's commitment to this marketplace.