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Investments

Strategy:
Private Equity

Sector:
P&C Insurance

Transaction Type:
Balance Sheet Capitalization

Status:
Current

Investment Year:
2020

Geography:
United States

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Pie Insurance

Pie Insurance offers workers’ compensation insurance directly to small businesses and also through local, regional, and national insurance agencies and other partners to provide coverage to their clients. Pie combines innovative technology, sophisticated analytics, and industry expertise to provide small businesses and the partner agents who serve them with simple, trusted, and affordable coverage.

Gallatin Point partnered with Pie in 2020 to support Pie’s strategic initiative to form and purchase licensed insurance companies through a bespoke investment structure.

“Gallatin Point delivered an innovative approach toward solving one of the biggest challenges facing a growing insurtech company like us— building a capital structure that supports both our rapid growth and balance sheet needs. Their ability to understand complexity and see through the noise to the essence of any situation is truly differentiating. Matt and his team operate as true partners. Even through the depths of the initial uncertainty from the COVID pandemic, we worked collaboratively to close the deal and position Pie for future strength and success.”
John Swigart, Co-Founder and CEO of Pie Insurance
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