HAMILTON, Bermuda–(BUSINESS WIRE)–Premia Holdings Ltd., a leading reinsurance group focused on reinsuring and acquiring companies in runoff, has acquired Alan Gray LLC, a highly respected international claims, audit and risk management advisory firm that has been a trusted advisor to its clients for over thirty years.

“I have been a client of Alan Gray’s for over 20 years across a broad spectrum of services. I know firsthand what a tremendous job they do for their clients. They bring tremendous expertise and cost effective solutions to every assignment. We are thrilled to make them a part of our group and we look forward to working with them to accelerate their growth and create even more satisfied clients,” commented Bill O’Farrell, CEO of Premia Holdings.

Alan Gray LLC was established in 1988 as a claims and audit advisory firm, and over the years has built a reputation as an efficient and trusted resource to those involved in the management of risk. The firm provides claims administration and audit services, actuarial, underwriting, legal bill auditing, reinsurance collections and risk management services to clients including leading insurers and reinsurers, MGAs, self-insured corporations and public entities.

“All of us on the Alan Gray team are very pleased to join the Premia team. It will allow us to bring our traditional services to new clients while providing our long standing clients expanded solutions to help them achieve their business objectives,” remarked Michael F. Ceppi, CEO of Alan Gray LLC.

Dowling Hales acted as exclusive advisor to Vanbridge, the seller.