Cornell Capital and Hudson Structured Capital Acquire Majority Stake in Vault from Allied World

November 12, 2020

Cornell Capital LLC and Hudson Structured Capital Management Ltd. (HSCM) agreed to acquire a majority stake in Vault Holdings, LLC, a provider of high-net-worth personal insurance, to accelerate Vault's growth in the U.S. affluent insurance market. Allied World will retain an indirect minority interest, provide reinsurance and transitional administrative services, and the transaction is expected to close in Q1 2021 subject to regulatory approvals.

Buyers
Cornell Capital LLC, Hudson Structured Capital Management Ltd. (HSCM)
Targets
Vault Holdings, LLC (Vault)
Sellers
Allied World Assurance Company Holdings, Ltd.
Industry
Insurance
Location
New York, United States
Transaction Type
Buyout

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