US firm CRC Group has signed up to buy Lloyd’s insurer Atrium in a deal expected to close in the third quarter of this year.
Ex-Chaucer CEO John Fowle joined Atrium in 2023.
Atrium manages Syndicate 609 and writes specialty insurance and reinsurance across property, casualty, and specialty business groups generating $1.3bn (£954m) in gross written premium in 2024.
It will continue to operate independently post-closing keeping the management and brand.
CRC Group struck the deal with current owners, funds managed by private equity house Stone Point Capital and other investors.
It marks the first deal outside the independent
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