Houston International Insurance Group (HIIG) is to acquire errors and omissions (E&O) managing general underwriter Compass Group Partners.
Founded by Gary Dittman in 2010, Compass specialises in title agents and insurance agents E&O liability.
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.
Dittman will continue to manage the operation after the transaction closes.
Stephen Way, chairman and chief executive officer (CEO) 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.”
Dittman, president and CEO 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.”