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News Stories (37 Results) - Insurance

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")... Read Story

October 31, 2022, 08:04 AM

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... Read Story

March 31, 2022, 07:40 AM

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... Read Story

March 09, 2022, 07:40 AM

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... Read Story

January 27, 2022, 07:58 AM

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... Read Story

December 29, 2021, 08:16 AM

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... Read Story

December 28, 2021, 08:00 AM

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... Read Story

December 14, 2021, 08:00 AM

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... Read Story

December 01, 2021, 07:35 AM

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... Read Story

September 08, 2021, 07:41 AM

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... Read Story

May 18, 2021, 07:00 AM

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... Read Story

December 23, 2020, 09:02 AM

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... Read Story

October 01, 2020, 08:45 AM

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... Read Story

August 12, 2020, 09:00 AM

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... Read Story

June 29, 2020, 08:25 AM

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... Read Story

June 23, 2020, 09:05 AM

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... Read Story

March 13, 2020, 09:00 AM

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... Read Story

December 13, 2018, 08:23 AM

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... Read Story

November 29, 2018, 07:13 AM

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... Read Story

November 06, 2018, 07:15 AM

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... Read Story

October 12, 2018, 07:48 AM

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... Read Story

September 12, 2018, 07:05 AM

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... Read Story

June 14, 2018, 07:38 AM

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... Read Story

October 13, 2017, 07:42 AM

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... Read Story

October 05, 2017, 07:09 AM

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... Read Story

July 28, 2017, 07:00 AM

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... Read Story

June 30, 2017, 07:13 AM

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.... Read Story

May 22, 2017, 07:22 AM

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... Read Story

April 04, 2017, 07:13 AM

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... Read Story

February 27, 2017, 07:00 AM

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... Read Story

December 22, 2016, 07:00 AM

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... Read Story

November 14, 2016, 07:53 AM

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... Read Story

October 21, 2016, 07:44 AM

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... Read Story

July 29, 2016, 07:34 AM

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... Read Story

July 21, 2016, 07:03 AM

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... Read Story

April 21, 2016, 07:27 AM

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’... Read Story

September 03, 2015, 07:30 AM

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... Read Story

November 26, 2013, 01:02 PM