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,…
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…
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…
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…
MADISON, Wis., July 6, 2021 /PRNewswire/ -- Fairway Independent Mortgage Corporation has been named the #1 Best Mortgage Company to Work For by Mortgage Executive magazine. Each year, Mortgage Executive magazine releases the Best Mortgage Company to Work For award based on votes…
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…
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…
Gallatin Point Capital (GPC) is a private investment firm led by seasoned professionals who have earned their spurs over lengthy careers in finance. Lewis A “Lee” Sachs served as the Assistant Secretary of the Treasury for Financial Markets, and Matthew…
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…
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…
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…
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…
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…