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Investments

Tower Hill Insurance

Strategy:
Equity Strategies

Sector:
P&C Insurance

Transaction Type:
Balance Sheet Capitalization

Status:
Current

Investment Year:
2021

Geography:
United States

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Tower Hill Insurance Exchange

Tower Hill Insurance Exchange is a newly formed reciprocal insurer, or policyholder-owned insurance risk-bearing entity, introduced by long-time Florida insurer Tower Hill Insurance Group to provide homeowners’ insurance.

In December 2021, Gallatin Point invested in the risk exchange and related management company, providing the majority of the exchange’s initial capitalization along with Vantage, RenaissanceRe, and Tower Hill Insurance Group.

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