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…

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,…

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…

NEW YORK--(BUSINESS WIRE)--Centerbridge Partners and Gallatin Point Capital, which hold 33.44% of The Phoenix Group, are in advanced negotiations with Emirate funds, led by ADQ, to enter Phoenix’s controlling stake. The Emirate funds are expected to buy 25-30%, partnering with…

SAN FRANCISCO, Nov. 15, 2022 /PRNewswire/ -- Delos Insurance Solutions, which uses wildfire science and aerospace expertise to solve insurance availability and affordability issues, today announced the launch of a program to expand homeowners' insurance options for California homeowners facing…

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…

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…

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…

AMSTERDAM - Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) today announced it has entered into a definitive agreement to acquire F1 Holdings Corp., parent company to First Investors Financial Services Group (“First Investors”, or the “Company”), a leading…

Chevy Chase, Maryland — April 15, 2021 — Congressional Bancshares, Inc. (“Congressional”), parent company of Congressional Bank, announced today that it has successfully closed a $345 million private placement of its common stock. The investors in the private placement included…

HOUSTON, Jan. 5, 2021 /PRNewswire/ -- FIFS Holdings Corp., parent company to First Investors Financial Services Group ("First Investors" or the "Company"), today announced that the acquisition of the Company by funds affiliated with Gallatin Point Capital ("Gallatin Point") and…

HOUSTON, Oct. 12, 2020 /PRNewswire/ -- FIFS Holdings Corp., parent company to First Investors Financial Services Group ("First Investors", or the "Company"), today announced the acquisition of the Company by funds affiliated with Gallatin Point Capital ("Gallatin Point").  No other…

SAN FRANCISCO, June 3, 2020 /PRNewswire/ -- Mobile banking company Varo Money, Inc. today announced it has closed a $241 million USD Series D round, co-led by new investor Gallatin Point Capital and existing investor The Rise Fund, co-founded by TPG, U2 lead singer Bono and Jeff…

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…

TEL AVIV, Israel, May 23, 2019 /PRNewswire/ -- Delek Group (TASE: DLEKG) (US ADR: DGRLY) ("the Company") is pleased to announce the signing of a binding agreement for the sale of its holdings in the Phoenix insurance company (Phoenix Holdings Ltd). Details of the agreement are as…

COMPLETES PRIVATE PLACEMENT; ANNOUNCES NEW MAJORITY-INDEPENDENT BOARD OF DIRECTORS Hamilton, Bermuda and New York, NY – November 5, 2018 – Sirius International Insurance Group, Ltd. (“Sirius Group”), a global multi-line insurance and reinsurance group, announced that it has closed the…

EL PASO, Texas--(BUSINESS WIRE)--Hunt Companies, Inc. (Hunt) today announced the closing of an approximately $200 million committed minority equity investment into certain of its financial services and asset management lines of business by affiliates of Gallatin Point Capital LLC (GPC).…

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…