Canadian Underwriter

Cooper Gay Swett & Crawford to sell North American unit


November 16, 2015   by Staff


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Cooper Gay Swett & Crawford is looking to sell its North American business unit.

The division consists of wholesale broker Swett & Crawford, a U.S. reinsurance broker and MGAs including J.H. Blades & Co. and Creechurch International Underwriters. It’s currently led by Tom Ruggieri.

The sale will exclude the Miami hub office for the company’s Latin American operation.

“We believe this transaction will best serve the long-term interest of our clients, employees and shareholders,” CEO Steve Hearn said in a statement.

 

 

This story was originally published by Canadian Insurance Top Broker.