Risk Specialists acquires Guild Underwriters

Risk Specialists Companies Inc. (RSC), a member company of American International Group, Inc. (AIG), has announced the acquisition by its subsidiary of substantially all of the assets of Guild Underwriters Napa, Inc. and its affiliated companies, doing business as SRO Napa and owned by Toronto-based Fairfax Financial Holdings Limited.
SRO Napa is a California-based managing general underwriter that produces and underwrites excess casualty and other specialty casualty insurance products through three U.S. regional offices in Napa, California, North Olmsted, Ohio and West Hartford, Connecticut. Mystic Capital Advisors Group, LLC provided transaction advisory services to RSC.
“Joining forces with SRO Napa furthers RSCs commitment to deliver market-leading insurance with unparalleled convenience and efficiency, said Matthew F. Power, the president of Risk Specialist Companies, Inc. This acquisition will expand our distribution, our geographic footprint, and our product offerings for middle market clients, while adding depth and breadth to our experienced team nationwide.
The Risk Specialists Companies, Inc. family of companies is a surplus lines broker in the U.S. providing specialty casualty, property and personal lines insurance from Lexington Insurance Company and other AIG companies.
American International Group, Inc. (AIG) has operations in more than 130 countries and jurisdictions, serving commercial, institutional and individual customers through worldwide property-casualty and life insurance networks.