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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March 31, 2022, 07:40 AM
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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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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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May 18, 2021, 07:00 AM
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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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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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June 14, 2018, 07:38 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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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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June 30, 2017, 07:13 AM
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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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May 22, 2017, 07:22 AM
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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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April 04, 2017, 07:13 AM
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Expect 2017 to be a year of deal making in the insurance industry, according to a new report released today by KPMG International, with 84 percent of insurance companies surveyed planning to make between one and three acquisitions in 2017, while 94...
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March 17, 2017, 07:14 AM
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