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January 2, 2024

Gallatin Point Capital to Partner with American Family Insurance Group on TRUE: New National Insurance Platform Includes Over $1.25 Billion of Fresh Capital Commitments and Has Capabilities to Write Homeowners Insurance in Catastrophe Exposed Areas

GREENWICH, Conn. & MADISON, Wis.--(BUSINESS WIRE)--Gallatin Point Capital and American Family Insurance Group are pleased to announce the successful closing of a new partnership whereby funds managed by Gallatin Point (collectively, “Gallatin Point”) will acquire a majority stake in the…

June 23, 2023

Victor launches third-party capitalized reciprocal insurance exchange

Victor Insurance Managers LLC (Victor), a leading global managing general underwriter, announced today the launch of Victor Insurance Exchange (Victor Exchange), a reciprocal insurance exchange, to deliver additional US property catastrophe capacity to existing and new policyholders of Victor's subsidiary,…

April 11, 2023

CrossCover Insurance Services announces the next stage in its development

CYPRESS, Texas, April 11, 2023 /PRNewswire/ -- Scott Hanson, President and Chief Executive Officer of CrossCover Insurance Services, LLC (CrossCover) announced today the next stage in the development of CrossCover. In concert with private equity company Gallatin Point Capital, CrossCover…

September 21, 2022

Pie Insurance Announces $315 Million Series D Round of Funding

DENVER, Sept. 21, 2022 /PRNewswire/ -- Pie Insurance ("Pie"), a leading tech-enabled provider of workers' compensation insurance to small businesses, today announced it raised a $315 million Series D round of funding. The round was led by Centerbridge Partners and…

September 21, 2021

Forbright Launches to Accelerate Financing of the Clean Energy Transition

CHEVY CHASE, Md.--(BUSINESS WIRE)--Congressional Bank today announced its intent to rebrand as Forbright Bank, a full-service bank, commercial lender, and asset manager committed to accelerating the transition to a more sustainable economy and driving decarbonization. Forbright launches as the need…

September 7, 2021

Tower Hill Insurance Introduces Reciprocal Insurer

GAINESVILLE, Fla., Sept. 7, 2021 /PRNewswire/ -- Tower Hill Insurance Group, based in Gainesville, Florida, is pleased to announce the formation of its newest risk-bearing entity, Tower Hill Insurance Exchange (THIE).  THIE will be a reciprocal insurer whereby the policyholders, also known as…

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