Houston International Insurance Group (HIIG) announced today that it had reached an agreement to acquire Compass Group Partners, LLC (Compass), a managing general underwriter based in Fort Myers, Florida. Compass specializes in Title Agents and Insurance Agents E&O Liability.
Gary R. Dittman founded Compass in 2010 and will continue to manage the operation after the transaction closes. The business will be operated as the Compass division of HIIG Professional and will complement its existing business of Miscellaneous E&O, Lawyers, Community Banks and Allied Health.
Stephen L. Way, Chairman and Chief Executive Officer of HIIG, said, “We are pleased to have Gary and his team as part of our group and this transaction continues the strong expansion at our Professional Lines Division.”
Gary R. Dittman, President and Chief Executive Officer of Compass, said, “We are excited to be part of the HIIG organization, where their experience and financial strength will support us in continuing to provide superior product and service to our clients.”
HIIG Professional is headquartered in Morristown, New Jersey, with underwriting offices in Atlanta and Houston. Mark E. Rattner is Senior VP of HIIG and manages HIIG Professional with Vincent M. McGee, VP Underwriting, and Howard L. Fishbein, VP Claims.
HIIG is an insurance holding company headquartered in Houston, Texas, with subsidiary offices in Atlanta, GA; Birmingham, AL; Chicago, IL; Dallas, TX; Morristown, NJ; and Oklahoma City, OK. HIIG has four property & casualty insurance companies and an underwriting agency subsidiary.
For more information, visit our website at www.hiig.com.