2007 | Press Release

Apr 3, 2007 – Risk Specialists Companies, Inc., an AIG member company, acquires SRO Napa from Fairfax Financial

Risk Specialists Companies Announces the Acquisition of the Assets of SRO Napa
from Affiliates of Fairfax Financial
Tuesday April 3, 4:30 pm ET
NEW YORK–(BUSINESS WIRE)–Risk Specialists Companies, Inc. (RSC), a member
company of American International Group, Inc. (AIG), today 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 RSC’s commitment to deliver market-leading
insurance with unparalleled convenience and efficiency,” said Matthew F. Power,
President, 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 leading 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), world leaders in insurance and financial
services, is the leading international insurance organization with operations in more than
130 countries and jurisdictions. AIG companies serve commercial, institutional and
individual customers through the most extensive worldwide property-casualty and life
insurance networks of any insurer. In addition, AIG companies are leading providers of
retirement services, financial services and asset management around the world. AIG’s
common stock is listed in the U.S. on the New York Stock Exchange as well as the stock
exchanges in London, Paris, Switzerland and Tokyo.
For more information on Mystic Capital, please contact Kevin P. Donoghue at 212-251-
0972 or visit www.mysticcapital.com
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