Obsidian Insurance Holdings Inc., has acquired admitted carrier, Western Home Insurance Co., from Western National Mutual Insurance Co. Obsidian is backed by Genstar Capital.

The acquisition supports the company’s strategic growth plans and together with Obsidian’s existing admitted carrier, Obsidian Insurance Co., Western Home will provide Obsidian’s current and existing program managers access to countrywide admitted insurance capabilities, including the California marketplace.

“The addition of Western Home to the organization’s footprint is an exciting next step for Obsidian, providing the ability to offer its top tier partners and new program administrators with broad admitted access on a countrywide basis,” said William Jewett, CEO of Obsidian.  Obsidian’s COO and CFO, Craig Rappaport, added, “The expansion into the California market is well-timed allowing for the development of Obsidian’s existing and new portfolio partnerships to grow in a robust insurance marketplace.  Obsidian’s infrastructure and capabilities are now largely in place to support Obsidian’s growth strategy and value proposition to program administrators and reinsurers.”