Premia’s Alan Gray selected to serve as manager for ECRA and CMC pools

Alan Gray LLC, in conjunction with its wholly owned subsidiary A.G. Risk Management, Inc., has been appointed under a Pool Manager Agreement to serve as the successor pool manager for the Excess and Casualty Reinsurance Association (ECRA) and Carpenter Management Corporation (CMC) reinsurance pools.

The ECRA and CMC reinsurance pools, which underwrote business from 1950 to 1982 and 1966 to 1982, respectively, collectively hold substantial long-tail exposures related to asbestos, pollution, and health hazards.

As Reinsurance News understands, they were previously administered by Excess & Treaty Management Corporation (ETMC) under a run-off agreement in place since 1982.

However, following ETMC’s termination of services and exit from active management in 2024, Alan Gray was selected by participating pool members, intermediaries, and cedents to assume the contractual role of Pool Manager.

“Under the new agreement, Alan Gray will perform claim administration, financial coordination, and data management services related to the run-off of these legacy reinsurance portfolios on behalf of participating stakeholders,” the firm explained.

Seth Patel, CEO of Alan Gray, commented, “We’re honored to be entrusted with the stewardship of the ECRA and CMC pools.

“Our mission is to bring operational clarity, claims discipline, and a commitment to service excellence that supports all pool stakeholders.”

Bill O’Farrell, CEO of Premia Holdings, added, “This engagement highlights Alan Gray’s strength in legacy claim administration and reinforces Premia’s commitment to supporting complex run-off solutions.”

Founded in 1988 and headquartered in Boston, Alan Gray joined Premia Holdings in 2018 and has since expanded its capabilities in legacy runoff and liability management.

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