Seattle private equity firm Rainier Partners has announced an investment in Apex Insurance Services, a Richardson, Texas, MGA platform focused on non-standard auto insurance, on undisclosed terms.
CoverGo has raised $6m in the initial close of its Series B1 round, led by Betatron Venture Group, to support its AI-native insurance platform and go-to-market expansion.
Novacore has agreed to acquire Diesel Insurance Solutions, a California-based managing general underwriter specialising in cross-border trucking, physical damage, and cargo insurance. Financial terms were not disclosed.
FWD has announced plans to acquire a 25% stake in Bolttech Insurance (Hong Kong) for a base consideration of $20.72m (HK$161.62m), subject to closing adjustment. Bolttech Insurance (Hong Kong) is currently a wholly owned subsidiary of Bolttech Discovery Holdings, which is ultimately owned by bolttech Holdings. Its principal business is the underwriting of general insurance […]
SageSure, a managing general underwriter, has made an investment in insurance-linked securities fund manager Pillar Capital Management, which has over $4bn of institutional assets under management. SageSure’s existing debt facility with long-standing capital partner Ares Management was expanded to support the investment. The investment adds Pillar’s reinsurance risk underwriting capabilities and institutional investor relationships to […]
Pen Underwriting, Arthur J. Gallagher’s specialist underwriting subsidiary, has acquired Wexford-based Ornella Underwriting for an undisclosed sum, bringing its combined Irish gross written premium to around €140m and giving its broker partners access to a wider range of risks through one managing general agent. Ornella, established in 2012 and regulated by the Central Bank of […]
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