News by sections

News by region
Issue archives
Archive section
Emerging talent
Emerging talent profiles
Domicile guidebook
Guidebook online
Search site
Features
Interviews
Domicile profiles
Generic business image for news article Image: Shutterstock

04 December 2017
Vermont
Reporter Becky Butcher

Share this article





SOBC Sandell acquires American Safety RRG

SOBC Sandell has completed the acquisition of American Safety Risk Retention Group (RRG) after receiving regulatory approval from the Vermont Department of Financial Regulation.

American Safety marks SOBC Sandell’s sixth acquisition.

Stephanie Mocatta, CEO of SOBC, said: “This acquisition builds on the recent transaction in Montana and we are very pleased to be able to provide finality to RRGs in these states.”

“SOBC Sandell has the specialist skills and understanding that enables us to purchase these groups, allowing the previous owners to exit without any future liability. We are actively looking at other opportunities to work with RRGs and captives.”

Rick Ecklord, senior managing director and partner at Sandell Re said: “We are really pleased with the growth in the group and more particularly the team’s ability to provide solutions for complex, difficult or challenging insurance situations, through the provision of innovative solutions.”

Subscribe advert
Advertisement
Get in touch
News
More sections
Black Knight Media