constellation affiliated partners llc

This will limit your search to that combination of words. Evercore served as financial advisor, and Fried, Frank, Harris, Shriver & Jacobson served as legal counsel to Constellation Affiliated Partners. To search for a combination of terms, use quotations and the & symbol. Get Free Insurance Industry News Updates Delivered to Your Email! Consolidation platforms are typically able to benefit from the natural arbitrage between a scaled business and the higher multiple it is valued at and the lower multiples it can roll-up smaller firms for. Click here to download the Combined Company Highlights. CRC Group has closed on the acquisition of Constellation Affiliated Partners, more than doubling the size of its Specialty Programs Division and creates one of the largest program managers in North America. Truist Insurance Holdings furthers growth through acquisition of Constellation Affiliated Partners, click here to learn more. To search specifically for more than one word, put the search term in quotation marks. When typing in this field, a list of search results will appear and be automatically updated as you type. All Rights Reserved. Within this role, Ms. Burns will continue to represent INSUREtrusts expertise at industry events and the educational resources the company provides its agents and clients inclusive of the prestigious INSUREtrust Agent Academy. Constellation Affiliated Partners LLC Filings Constellation Affiliated Partners LLC raised $37,675,000 in total. , . The transaction will add approximately $160 million of annual revenue to Truist Insurance Holdings' wholesale division. Truist Insurance acquired Constellation Affiliated Partners LLC in May for an undisclosed sum. Claire Wilkinson January 14, 2021 Reprints Share Mergers & Acquisitions Cyber Risks Technology Agents & Brokers Christiaan Durdaller Constellation Affiliated Partners has acquired. The addition of Constellation Affiliated Partners more than doubles the size of the premium placement of CRC Groups Specialty Programs Division and creates one of the largest program managers in North America. Constellation is understood to have a flexible approach to the ownership structure in deals which can see it take full or partial stakes in intermediaries. INSUREtrust, founded by Steve Haase in 1997, is the countrys leading specialty wholesale broker and managing general agent, distributing cyber liability, technology errors & omissions and miscellaneous professional liability coverages. Learn more at www.ConstellationAP.com. Additionally, Hunter Maskill has been promoted to Managing Director. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Industry: Insurance (See others in industry) Address: 667 Madison Avenue 16 Th Floor New York, NY, 10065 Phone: 212-235-1000 . January 14, 2021 10:30 ET Mr. Durdaller will continue to oversee the strategy, companys products, partnership and production. Further information regarding Truist and factors which could affect the forward-looking statements contained herein can be found in Truist's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as updated by its Quarterly Reports on Form 10-Q, and its other filings with the Securities and Exchange Commission. Mr. Maskill will have an increased role in the management of business operations while continuing his brokerage work and overseeing claims response & MGA products. Convective storm system causes close to $5.5 billion in insured losses, 5. Constellation Affiliated Partners LLC (CAP), a subsidiary of CRC Insurance Services, Inc., is one of the largest program management operations in North America. "This acquisition enables us to continue diversifying our revenue and provide expansive insurance solutions to our clientswhile ultimately helping us fulfill our purpose to build better lives and communities. It was formed by RedBird Capital Partners in. Who is Constellation Affiliated Partners Headquarters 667 Madison Ave 11TH Fl, New York, New York, 10065, United States Phone Number (212) 235-1000 Website www.constellationap.com Revenue $62.7M Industry Software General Software Is this data correct? The seven MGAs that are part of Constellation are Allstar Financial Group,. RedBird Capital Partners completed its sale of Constellation Affiliated Partners LLC, a New York-based insurance distribution platform, to a unit of Truist Financial Corporation. Many possible events or factors could affect Truist's future financial results and performance and could cause actual results or performance to differ materially from anticipated results or performance. RBC Capital Markets and Truist Securities served as financial advisors, and Willkie Farr & Gallagher LLP served as legal counsel to Truist in this transaction. MGA and wholesaler Allstar Underwriters operates in personal lines, small business solutions, specialty brokerage and commercial auto. Constellation offers us a unique combination of the ability to keep our management at the local level, while also bringing the industry expertise of Bill Goldstein & Brian Norman along with the support of an additional $1 billion in gross written premium. The Constellation Affiliated Partners businesses will be combined into Truist Insurance Holdings CRC Group, a national wholesale distributor of specialty insurance products. CRC Group said Thursday it has named Garrett Koehn and Brent Tredway co-presidents of the companys brokerage division, effective Jan. 1. Its four core specialty markets, including contractors' general liability, transportation, condominium/homeowners associations, and professional liability are examples of these expanded capabilities. city,state,zip,county . Constellation Affiliated Partners is a New York-based insurance consolidator platform that specializes in acquiring MGA, program administrator and wholesale companies in the United States and. Drug Free Workplace. CRC Groups new Specialty Programs Division now places more than $2.4 billion in premium across more than 10 industry and specialty segments. We will be bringing new programs and products to market, expanding capacity relationships, and continuing our focus on and commitment to data, analytics, and technology. We'll deliver the most current and interesting sovereign wealth and financial news straight to your inbox. Aspen Managing General Agency. The Weframe AG has about 150 . Constellation is backed by RedBird Capital Partners, a private investment firm focused on building high-growth companies with flexible, long-term capital. Bill Goldstein-led consolidator platform Constellation Affiliated Partners has already completed a number of acquisitions including a buy-in to MGA and wholesale broking platform Allstar Financial, The Insurer can reveal. Financial strength and size ratings can change and should be reevaluated before coverage is bound. Developed as a platform buy-and-build in partnership with experienced insurance executive, Bill Goldstein, Constellation's strategy is centered around partnering with MGAs, MGUs and specialty wholesalers to establish a diversified scale book of premiums and distribution capabilities . The transaction will create one of the largest program management operations in the country. According to sources, Constellation will look to build off its initial acquisitions to add verticals into property, professional liability and other areas as it continues its M&A strategy. Constellation Affiliated Partners will become a part of the Truist Insurance Holdings' CRC Group, and upon completion of the deal, Constellation is expected to contribute around $160 million in . En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. CONSTELLATION AFFILIATED PARTNERS LLC in Wilmington, DE | Company Info Company Information Sponsored Links Company Contacts This company has not listed any contacts yet. Developed as a platform buy-and-build in partnership with experienced insurance executive, Bill Goldstein, Constellations strategy is centered around partnering with MGAs, MGUs and specialty wholesalers to establish a diversified scale book of premiums and distribution capabilities for its carrier partners. This is not intended for business owner or insured use. Media Contact:Dan GagnierGagnier Communications646-569-5897. 2008-2023 Sovereign Wealth Fund Institute. RBC Capital Markets and Truist Securities served as financial advisors, and Willkie Farr & Gallagher served as legal counsel to Truist in this transaction. Constellation Affiliated Partners is a New York-based insurance consolidator platform that specializes in acquiring MGA, program administrator and wholesale companies in the United States and Canada. Bill Goldstein, who joined CRC Group from Constellation Affiliated Partners, will serve as CEO of CRC Groups Specialty Programs Division. Newest; Filter; Local; Constellation Affiliated Partners LLC. Founded by former Goldman Sachs Partner Gerry Cardinale, RedBird today manages $4 billion of capital principally across its core industry verticals in Sports, TMT, Financial Services and Consumer. The Most Advanced Company Information Database Enter company name. Profile Investors (2) M&A Activity (5) Analytics Constellation Affiliated Partners is a national Managing General Agent insurance distribution platform. It was formed by RedBird Capital Partners in 2019 and has grown through a series of acquisitions. At Constellation we strive to engage with companies that fall within our guiding principles of innovation, technology, and product excellence. Get Free Insurance Industry News Updates Delivered to Your Email! For the past 22 years, INSUREtrust has continued to be a leading cyber liability insurance company. RedBird has also had a long-term affiliation with Canadian pension fund Ontario Teachers. Constellation Affiliated Partners is a top 10 national Managing General Agent insurance distribution platform. Op. Financial terms were not disclosed. Hub raises $6.9B in debt refinancing move, 3. Its four core specialty markets are contractors general liability, transportation, condominium/homeowners associations, and professional liability. The world of risk is getting more complex, and both our customers and capital partners are seeking specialists to underwrite and distribute insurance solutions, said Dave Obenauer, CEO of CRC Group. Disclosed limited partners included Los Angeles County Employees Retirement Association. Dave Obenauer, CEO of CRC Group commented: We are excited to welcome Constellation Affiliated Partners into the CRC Group family. CRC Group names co-presidents of brokerage division, CRC partners to provide comp coverage to trucking industry, 1. Last month it was reported that it had raised nearly $1.2bn of a targeted $1.7bn for a third fund. Address: 667 MADISON AVENUE 16TH FLOOR NEW YORK 10065 Phone number: 212-235-1000 Latest news Constellation Affiliated Partners LLC raised $37,675,000 from 7 investors on 2020-04-23. Aspen Managing General Agency supports a diverse workforce and is an Equal Opportunity Employer who does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. We have a shared commitment to accelerating our investment in data and analytics, and look forward to continuing to grow our business, both organically and through further acquisitions," continued Howard. Only email is mandatory, but the more you tell us about yourself the better we can serve you in future. Completed acquisition of Constellation Affiliated Partners ; . Truist Insurance Holdings has agreed to acquire Constellation Affiliated Partners from RedBird Capital Partners. teamed up with private equity investment firm RedBird, Constellation secures biggest deal with Allstar buy-in, Targeting MGA, program administrator and wholesale space, Deals-to-date represent estimated $900mn+ of premium volume and $35mn+ Ebitda, Will look to get acquisitions onto common tech platform, Backed by PE firm RedBird; will consider full or partial stakes in intermediaries. In April 1997, INSUREtrust was an industry leader in successfully developing, underwriting, and marketing an insurance policy covering the new commercial risks generated through the use of the Internet such as privacy and security breaches. Truist Insurance Holdings and its wholesale insurance subsidiary CRC Group have closed on the acquisition of Constellation Affiliated Partners, an insurance distribution platform operating seven managing general agents (MGAs) and program managers. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); The advisory group to insurers, reinsurers and risk managers, Alan , Steve Hearn, the CEO of Inver Re, the Ardonagh Groups , The catastrophe bond market has experienced a remarkable surge, with . Op. Admiral unveils excess casualty division, names executive, 4. Its four core specialty markets, including contractors general liability, transportation, condominium/homeowners associations, and professional liability are examples of these expanded capabilities. , . Our new expanded Specialty Programs Division will help us meet that growing need in todays difficult insurance marketplace., CRC Groups successful track record of acquisitions reflects our continued commitment to investing in CRC Group for the benefit of our clients, carrier partners, and teammates.. Evercore served as financial advisor, and Fried, Frank, Harris, Shriver & Jacobson served as legal counsel to Constellation Affiliated Partners. What We Do Innovation & Advancement Suppliers Channel Partners Aggregators & Brokers Associations & Chambers of Commerce Work With a Leading Energy Supplier For approximately two million residential, public sector, and business customers, including three-fourths of the Fortune 100, the right supplier is Constellation. Marsh Berry & Co was exclusive advisor to the seller. Constellation Affiliated Partners LLC (CAP), a subsidiary of CRC Insurance Services, Inc., is one of the largest program management operations in North America. . By signing up you agree to receive content from us. We will be bringing new programs and products to market, expanding capacity relationships, and continuing our focus on and commitment to data, analytics, and technology. Aspen Managing General Agency. View contact profiles from Constellation Affiliated Partners Popular Searches CRC also named Nicholas Bozzo, formerly president of programs at CRC programs, and Brian Norman, previously managing director with Constellation Affiliated Partners, as co-presidents of its specialty programs division. Senior Vice President and Chief Program Officer at Constellation Affiliated Partners. Constellation Affiliated Partners LLC. Constellation Affiliated Partners. We will also continue to seek strategic acquisitions and partnerships to grow the breadth of our programs offerings in the months and years ahead.. About Truist Insurance HoldingsTruist Insurance Holdings, Inc., the sixth largest insurance broker in the U.S. and seventh largest in the world, is an indirect subsidiary of Truist Financial Corporation (NYSE: TFC). Sign up to get PRNs top stories and curated news delivered to your inbox weekly! With more than 30 brands across over 10 industries, CAP provides data-driven and innovative niche insurance solutions to the Company's distribution partners and insureds across the country. Constellation Affiliated Partners is a top 10 national Managing General Agent insurance distribution platform. This transaction is CRC Groups eighth acquisition in the last 18 months. This field is for validation purposes and should be left unchanged. With more than 30 brands across over 10 industries, CAP provides data-driven and innovative niche insurance solutions to the Company's distribution partners and insureds across the . Inflation, cat losses prompt reserve concerns: Report, 6. NEW YORK, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Constellation Affiliated Partners (Constellation) today announced the acquisition of Trinity Transportation Services (Trinity) and Global Claims Service . Truist Insurance Holdings operates more than 240 offices through its subsidiaries: McGriff Insurance Services, Inc.; CRC Insurance Services; Crump Life Insurance Services; AmRisc; and its premium finance companies (AFCO Credit Corp., Prime Rate Premium Finance Corp., and CAFO). Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. RedBird invests with an entrepreneurial, company-building mentality, with an emphasis on capital appreciation and compounding equity returns over longer holding periods. For more information, please go to www.redbirdcap.com. ADDITIONAL LINKS Post Question For This Company It is thought the start-up will not look to fully integrate the companies it acquires but has been building an integrated common technology platform that MGAs, program administrators and wholesalers will operate from. Nothing on this website constitutes an offer, inducement, or contract of insurance. RBC Capital Markets and Truist Securities served as financial advisors, and Willkie Farr & Gallagher served as legal counsel to Truist in this transaction. . CRC Group to Acquire Constellation Affiliated Partners CRC Group announced today that it has signed a definitive agreement with RedBird Capital Partners to acquire Constellation Affiliated Partners, an insurance distribution platform operating seven managing general agents (MGAs) and program managers. Although its acquisitions so far are understood to have focused on North America, it has also shown an appetite for potential deals in the UK. Additionally, Nicholas Bozzo from CRC Programs and Brian Norman from Constellation Affiliated Partners have been appointed Co-Presidents of the Companys Specialty Programs Division. The ability to innovate and create market differentiating products and solutions is something that has separated us from the competition since our inception. Cision Distribution 888-776-0942 We have 220,000+ readers every month & 25,000+ email subscribers. But generally, with hard market pricing offsetting the macroeconomic impact in many segments of the program and wholesale sector, sources have said that valuations have not taken a significant dent. The Insurer revealed last October that Allstar Financial was working with boutique investment banking advisory firm Evercore over a potential sale. Aspen Managing General Agency supports a diverse workforce and is an Equal Opportunity Employer who does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Wilson Ncaa Legend Vtx Basketball, Articles C