Accession Risk Management Group, the parent company of Risk Strategies and One80 Intermediaries comprising North America’s ninth largest privately held insurance broker, has closed a $1 billion incremental debt raise and refinancing. The funding will...
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August 23, 2024, 07:40 AM
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Slide Insurance secured a $175 million senior credit facility led by Regions Bank in its capacity as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner. Synovus Bank and Texas Capital Bank, through its TCBI Securities Inc. division, also...
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Golub Capital announced the launch of its Insurance Solutions team, a group of dedicated insurance and asset management professionals who will expand the way the Firm works with insurance company partners. Jennifer Potenta has joined the Firm to lead...
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Nassau Financial Group closed on a $150 million revolving credit facility and a $100 million term loan credit facility, arranged by RBC Capital Markets. This new agreement includes a refinancing and upsizing of an existing revolving credit facility...
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February 23, 2024, 07:55 AM
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Golub Capital acted as Joint Lead Arranger on a unitranche facility to support the organic and inorganic growth strategy of German insurance broker MRH Trowe, a portfolio company of TA Associates (“TA”) and AnaCap. MRH Trowe is one of the largest...
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February 05, 2024, 06:00 AM
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Acquis has launched its services in the United States. Acquis specializes in structuring tailored insurance solutions for equipment leasing and asset finance companies. Its products are designed to reduce portfolio risk and generate significant non...
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October 24, 2023, 07:04 AM
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Golub Capital acted as Administrative Agent, Lead Arranger and Joint Bookrunner on a $700 million delayed draw term loan for Risk Strategies, increasing the company’s unitranche facility to $4.45 billion. Risk Strategies, a leading U.S. insurance...
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August 23, 2023, 07:06 AM
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The Liberty Company Insurance Brokers (Liberty), one of America’s fastest-growing privately held insurance brokerages, completed a $340 million refinancing transaction on July 31, 2023. The offering was well received by the banking community and was...
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August 18, 2023, 07:35 AM
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BHI announced that its International Commercial & Industrial Team has provided a $40 million credit facility for the issuance of standby letters of credit to a premier global insurance company. The facility, backed by the premier global insurance...
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Slide Insurance, a full-stack insurtech focused on homeowners insurance, closed a $35 million senior credit facility with Regions Bank. This credit facility builds on the funding Slide secured in its $105 million venture-back series A round which...
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wefox, the Berlin-based insurtech, has secured US$55 million credit facility from J.P. Morgan and Barclays alongside a $55 million second close in its Series D at US$4.5 billion valuation from existing investors and new investors including...
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SageSure, a leading provider of catastrophe-exposed property insurance, closed a $50 million expanded revolving credit facility with its new commercial banking partner Wintrust Financial Corporation. The funding will enable SageSure to increase...
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Kin, a direct-to-consumer home insurance company, closed a $145 million committed credit facility. The new facility, which was led by Runway Growth Capital and the Avenue Venture Opportunities Fund, L.P. ("Avenue Venture Debt Fund" or "Avenue")...
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October 31, 2022, 08:04 AM
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BRP Group, an independent insurance distribution firm delivering tailored insurance solutions, announced that its subsidiary, Baldwin Risk Partners, LLC ("BRP LLC"), has amended its senior revolving credit facility effective immediately, increasing...
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Ensurem, a Florida-based insurance technology and distribution company, entered into a $100 million credit facility with DZ BANK. This facility refinances existing debt and allows Ensurem to meaningfully increase the marketing and distribution of...
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Root, the parent company of Root Insurance Company, completed a new term loan facility with BlackRock Financial Management, on behalf of funds and accounts under its management, and its affiliates and co-investor. The five-year, $300 million term...
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January 27, 2022, 07:58 AM
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Velocity Risk Underwriters, a catastrophe-focused property and specialty insurance risks managing general agent (“MGA”), announced its acquisition by funds managed by Oaktree Capital Management. Founded in 2015 by Nephila Capital (“Nephila”) and...
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December 29, 2021, 08:16 AM
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Keystone Agency Partners, a fast-growing independent insurance agency partnership platform, amended and upsized its existing Senior Credit Facility with an expanded syndicate of lenders led by Madison Capital Funding LLC. This is an additional $160...
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December 28, 2021, 08:00 AM
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Essent Group amended its credit facility to increase the total facility from $625 million to $825 million with terms that provide for:
An increase in the revolving credit facility from $300 million to $400 million;
The issuance of an additional...
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December 14, 2021, 08:00 AM
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NMI Holdings, the parent of National Mortgage Insurance Corporation (National MI), amended its senior secured revolving credit facility, expanding the lender group, increasing the revolving capacity to $250 million, and extending the maturity from...
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December 01, 2021, 07:35 AM
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Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the refinance of NationsBenefits. Additionally, The Pritzker Organization, Denali Growth Partners, and Monroe Capital provided...
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September 08, 2021, 07:41 AM
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Keystone Agency Investors (“KAI”), a strategic partnership between Keystone Insurers Group and Bain Capital Credit, entered into a $105 million Senior Credit Facility with Madison Capital Funding, LLC.The Company believes the Facility will...
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Antares Capital announced that it served as joint lead arranger and is acting as administrative agent on $1.4 billion in senior secured credit facilities to support the recapitalization of Galway Insurance Holdings, the holding company for EPIC...
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December 23, 2020, 09:02 AM
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Ares Management Corporation and its indirect subsidiary Aspida Holdings Ltd. (“Aspida”) jointly announced an agreement by Aspida to acquire all outstanding common shares in F&G Reinsurance Ltd, a Bermuda-domiciled life & annuity reinsurer with...
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October 01, 2020, 08:45 AM
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Fortegra Financial Corporation ("Fortegra"), a leading specialty insurer and subsidiary of Tiptree Inc. ("Tiptree"), announced that it closed on a $200 million Senior Secured Credit Facility from a syndicate of banks led by Fifth Third Bank, N.A. The...
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August 12, 2020, 09:00 AM
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BRP Group, Inc., a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, announced that its subsidiary, Baldwin Risk Partners, LLC, has amended its senior revolving credit facility, effective immediately, to...
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Ares Management Corporation announced that it is serving as the lead arranger for a £1.875 billion financing commitment to The Ardonagh Group (“Ardonagh”), the U.K.’s largest independent insurance broker, through Ares’ global direct lending platform...
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BRP Group, Inc., a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, announced that its subsidiary Baldwin Risk Partners, LLC (BRP LLC) has amended its senior revolving credit facility, effective...
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In terms of investor appetite, insurance technology has been one of the more popular corners of the U.S. financial technology world in 2018. Through the first nine months of the year, insurance technology companies secured more than a billion dollars...
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December 13, 2018, 08:23 AM
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Ebix, Inc., an international supplier of on-demand software, e-commerce and payment services to the insurance, financial and healthcare industries, announced the expansion of its existing syndicated credit facility through the funding of an...
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November 29, 2018, 07:13 AM
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Confie, one of the largest privately held insurance brokers and top personal lines provider in the United States, announced it has completed the refinancing of a new $220 million credit facility, led by Goldman Sachs and Barclays. Confie is a...
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November 06, 2018, 07:15 AM
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After one of the most active years for property and casualty (P&C) and life insurance M&A, market conditions point to a continued push for deals, according to analysis by S&P Global Market Intelligence.Through the first nine months of 2018, the $39.1...
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October 12, 2018, 07:48 AM
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Woodforest Commercial Banking, a division of Woodforest National Bank, announced it recently led a new $60 million senior secured credit facility for a private investment fund focused on investing in pools of whole life insurance policies. The...
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September 12, 2018, 07:05 AM
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Kemper Corporation announced the successful completion of a new $550 million credit agreement which includes both revolving credit and term loan facilities.The new credit agreement includes a $300 million, five-year revolving credit facility and $250...
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Crawford & Company®, an independent provider of claims management solutions to insurance companies and self-insured entities, announced the execution of a new five-year, $450 million senior secured revolving credit facility with a syndicate of banks...
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October 13, 2017, 07:42 AM
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Capital One N.A. Sponsor Finance announced that it led a $65 million senior secured credit facility for Harbor Group Consulting. Capital One acted as administrative agent and sole lead arranger for the transaction. The financing supports general...
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October 05, 2017, 07:09 AM
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EPIC Insurance Brokers & Consultants, a retail property, casualty insurance brokerage, and employee benefits consultant, announced today that private equity firm Oak Hill Capital Partners (Oak Hill) has agreed to acquire all of The Carlyle Group's...
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American International Group, Inc. (AIG) entered into the Fourth Amended and Restated Credit Agreement among AIG, the subsidiary borrowers party thereto, the lenders party thereto. JPMorgan Chase Bank served as Administrative Agent, and each Several...
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Essent Group Ltd., Essent Irish Intermediate Holdings Limited and Essent US Holdings, Inc. entered into an amended and restated credit facility with a committed capacity of $375 million, among the lenders party thereto and JP Morgan Chase Bank, N.A....
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Mercury General Corporation, a multiple-line insurance organization offering personal automobile, homeowners, renters and business insurance, entered into a credit agreement with Bank of America, N.A., as administrative agent, according to a recent...
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Five Point Capital has made an undisclosed investment to back Blue Point Capital Partners‘ buyout of Fire & Life Safety America. Based in Richmond, Virginia, FLSA is a provider of fire and life safety system inspection, maintenance, repair and...
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February 27, 2017, 07:00 AM
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Trupanion, a leading provider of medical insurance for cats and dogs, today announced that it has successfully amended its revolving credit facility, including an increase in the maximum borrowing amount from $20 million to $30 million and an...
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December 22, 2016, 07:00 AM
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Patriot National, Inc.,a leading provider of technology and outsourcing solutions to the insurance industry, announced that it has closed a new credit facility with Cerberus Business Finance, LLC to recapitalize the Company. The Company also...
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November 14, 2016, 07:53 AM
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Venbrook Group announced the completion of a $42 million debt capital raise from Madison Capital Funding, a subsidiary of New York Life. A portion of the proceeds from the funding were used to acquire Manalapan, New Jersey-based wholesaler Brooks...
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October 21, 2016, 07:44 AM
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BroadStreet Partners, a top-20 national insurance brokerage, announced the addition of $195 million to its bank facility, which fuels the growth of its partner independent insurance agencies throughout the United States. The bank facility grew to...
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Antares Capital announced it is serving as administrative agent, lead arranger, and sole bookrunner on a senior secured credit facility to support the platform investment in Integrity Marketing Group, LLC (“Integrity”) by HGGC, and the concurrent...
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Essent Group Ltd. entered into a three-year, $200 million revolving credit facility. Borrowings under the facility may be used for working capital and general corporate purposes, including, without limitation, capital contributions to Essent’s...
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Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments, announced that it has provided a $20 million credit facility to 7710 Holdings, LLC (7710), a South Carolina-based provider of workers’...
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September 03, 2015, 07:30 AM
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Crawford & Company announced the execution of an amended five-year, $400 million senior secured revolving credit facility with a syndicate of banks led by Wells Fargo Securities, LLC, and Bank of America Merrill Lynch as joint lead arrangers and...
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November 26, 2013, 01:02 PM
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