GARNET CAPTIVE SERVICES

Garnet Captive provides alternative risk consulting and brokerage services, including captive insurance program services, primarily for workers' compensation customers. This acquisition offers an opportunity for Garnet Captive to increase the scale of its business and for BRAC to enter into a new area of the alternative markets business, thus offering expanded opportunities for both entities. It works with brokers and clients throughout the formation and sales process, and continue to work with its partners and clients after the formation, providing customizable levels of service for all programs. Garnet Captive was founded in 2002 and is headquartered in Philadelphia, Pennsylvania.