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Swett buys MGA/wholesaler Oxbridge


ATLANTA, Ga.—Swett & Crawford Group has acquired Oxbridge Insurance Associates Inc. for an undisclosed sum.

Morristown, N.J.-based Oxbridge is a wholesale broker and managing general agent that writes nationwide specialty products such as program coverage for professional sports leagues. It also provides brokerage services for the transportation industry, including entities that operate school buses and limousines.

Terms of the deal were not released.

J. Neal Abernathy, president and chief executive officer of Atlanta-based Swett & Crawford, said it strengthens his company's position in the Northeast and broadens its portfolio of specialty lines.