The Board of Directors of Excess Reinsurance Group (“Excess”), which is comprised of Excess Reinsurance Company, a Delaware corporation and its wholly owned subsidiary, Guilderland Reinsurance Company (“GRC”), a New York corporation, was acquired by KnightBrook Holding, LLC, a California limited liability company and Northwestern Insurance Company, a Pennsylvania casualty insurance company. Excess historically provided property and casualty reinsurance to small- and medium-sized insurance companies and held licenses in forty-five states.

Excess’ 45 stockholders, essentially all of which are insurance companies, sought an acquirer to provide liquidity and future management direction to the company. Curtis provided a fairness opinion to the Board of Directors of Excess in connection with this transaction.