skip to Main Content


Equity Strategies

P&C Insurance

Transaction Type:
Balance Sheet Capitalization; Growth


Investment Year:

United States

Visit Website

Trusted Resource Underwriters / Trusted Resource Underwriters Exchange (TRUE)

TRUE is a reciprocal insurer established in 2020 to serve homeowners nationally, including storm-prone regions such as Florida.

In December 2023, Gallatin Point acquired a majority stake in the attorney-in-fact for TRUE. As part of the acquisition, Gallatin Point is investing over $1.25 billion, enabling it to not only provide underwriting capacity in Florida at a crucial time, but also allow it to strategically expand its footprint nationally.

"The support from Gallatin Point and their investors is a testament to the confidence in our collective vision and capabilities. We are focused on delivering reliable protection to homeowners and expanding our footprint nationally."
Anthony Scavongelli, CEO
Back To Top