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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…

August 17, 2021

Varo® Bank Ranks 7th on the 2021 Inc. 5000

NEW YORK and SAN FRANCISCO, Aug. 17, 2021 /PRNewswire/ -- Inc. magazine today announced that Varo Bank, N.A. ranked No. 7 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. This is Varo's first appearance on the list after earning…

October 20, 2020

Pie Insurance Sees Record Growth and Surpasses $100M in Premium

DENVER, Oct. 14, 2020 /PRNewswire/ -- Pie Insurance, an insurtech specializing in workers' comp  insurance for small businesses, today announced it has exceeded $100 million in cumulative written premium and surpassed $100 million in annualized run rate premium. In less than 3.5 years since being founded, Pie…

May 28, 2020

Pie Insurance Raises $127 Million in Latest Financing

Washington, May 28, 2020 — Pie Insurance, one of the fastest-growing insurtechs in the country, today announced the closing of $127 million in new financing and capital commitments. Gallatin Point Capital joined Pie’s current investors in the capital raise, including…

November 4, 2019

Delek Group Completes the Sale of The Phoenix for NIS 1.57 Billion

Tel Aviv, Israel, Nov. 4, 2019 /PRNewswire/ -- Delek Group (TASE: DLEKG) (US ADR: DGRLY) announces that it has completed the sale of its 32.5% stake in The Phoenix Holdings Ltd to the Centerbridge and Gallatin Point Capital investment funds. The total consideration will be…

October 10, 2018

BlackRock and Its CEO Are Making A Private Equity Bet

BlackRock Inc. and Chief Executive Laurence Fink agreed to invest with private-equity firm Gallatin Point Capital, part of a push by the world’s largest asset manager to become bigger in alternative investments. The fund giant pledged to invest up to…

March 9, 2018

Centerbridge-Led Consortium Completes Canopius Acquisition

Canopius today announces the completion of its acquisition by a private equity consortium led by Centerbridge Partners, L.P. (“Centerbridge”), which includes private investment firm Gallatin Point Capital LLC. Having received all necessary regulatory consents, Canopius is once again a standalone…

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