Constellation Affiliated Partners Acquires Coastal Insurance Underwriters and Cybercom
December 29, 2020
Constellation Affiliated Partners, a New York-based insurance consolidator platform backed by RedBird Capital Partners, has acquired Coastal Insurance Underwriters and Cybercom. The deal brings Coastal's program administration and underwriting capabilities for condominium and homeowner associations together with Cybercom's web-based quoting/underwriting platform to expand Constellation's product and technology offerings in the U.S. market.
- Buyers
- Constellation Affiliated Partners
- Targets
- Coastal Insurance Underwriters, Cybercom International Corporation
- Platforms
- Constellation Affiliated Partners
- Industry
- Financial Services
- Location
- Florida, United States
- Transaction Type
- Addon
Explore More
Related Acquisitions
-
Constellation Affiliated Partners Acquires INSUREtrust
January 14, 2021
Insurance
Constellation Affiliated Partners has acquired INSUREtrust, a specialty wholesale broker and managing general agent (MGA) headquartered in the Atlanta, Georgia area; financial terms were not disclosed. The deal expands Constellation's portfolio and technology-enabled cyber liability and technology E&O capabilities; INSUREtrust founder Steve Haase is retiring and Christiaan Durdaller was named President and CEO.
-
Truist Insurance Holdings Acquires Constellation Affiliated Partners from RedBird Capital Partners
May 24, 2021
Insurance
Truist Insurance Holdings, a subsidiary of Truist Financial Corporation, signed a definitive agreement to acquire Constellation Affiliated Partners from RedBird Capital Partners. The acquisition adds approximately $160 million of annual revenue and seven MGAs/program managers to Truist's wholesale division, enhancing its national programs capabilities.
-
Constellation Affiliated Partners Acquires Trinity Transportation Services and Global Claims Service
November 3, 2020
Insurance
Constellation Affiliated Partners acquired managing general agent Trinity Transportation Services and third-party administrator Global Claims Service to expand its transportation insurance platform and claims capacity. The deals integrate Trinity's towing and recovery insurance programs and Global's claims capabilities into Constellation's MGA platform, which is backed by RedBird Capital Partners.
-
Simplicity Group Acquires Coastal Insurance Consulting
September 14, 2022
Insurance
Simplicity Group has acquired Coastal Insurance Consulting, a Pennsylvania-based insurance brokerage that provides products, marketing and underwriting support for financial professionals. Coastal's principals, Michael Driscoll and Brendon Healy, join Simplicity as partners and will continue to manage day-to-day operations as part of Simplicity's expanding distribution platform.
-
AssuredPartners Acquires Cypress Insurance Group, Inc.
May 28, 2020
Insurance
AssuredPartners, Inc. has acquired Cypress Insurance Group, Inc., an independent insurance agency based in Fort Lauderdale, Florida. The Cypress team of 20 (reporting $3 million in annualized revenue) will remain under the leadership of Terry Bond and Debbie Arciola as AssuredPartners expands its Florida presence.
-
Travelers Acquires Corvus Insurance
November 3, 2023
Insurance
The Travelers Companies, Inc. agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million to expand Travelers' cyber underwriting and risk-management capabilities. Corvus, an insurtech-focused managing general underwriter specializing in cyber insurance and powered by AI-driven risk analytics, will be integrated into Travelers to enhance its cyber product suite and distribution.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.