Oaktree Funds Acquire Velocity Risk Underwriters

Velocity HoldCo Acquires Majority Stake in Insight Risk Technologies

September 18, 2023

Insurance

Velocity HoldCo, the holding company for Velocity Risk Underwriters, acquired a majority stake in Insight Risk Technologies, a technology-focused Builder's Risk managing general agent (MGA). The deal, closed September 18, 2023, adds Builder's Risk capabilities and IoT-enabled loss-prevention tech to Velocity's specialty insurance platform and is being used to accelerate Insight Risk's growth across the US.

GHO Capital Acquires Velocity Clinical Research

July 15, 2021

Healthcare Services

Global Healthcare Opportunities (GHO) has acquired Durham-based Velocity Clinical Research from NaviMed Capital and other investors. GHO intends to support Velocity’s roll-up strategy of clinical trial sites, expand its integrated site model (including investment in technology and decentralized trial capabilities) and pursue further geographic expansion, including into Europe.

Vantage Group Acquires Admitted Carrier Vantage Risk Assurance Company

February 8, 2022

Insurance

Vantage Group Holdings Ltd. has closed the purchase of an admitted-lines carrier, Vantage Risk Assurance Company (formerly Heritage Casualty Insurance Company), from Union Fidelity Life Insurance Company. Concurrently, funds managed by Carlyle and Hellman & Friedman committed up to an additional $200 million to support Vantage’s continued growth and to expand capabilities in its U.S. insurance platform.

Acrisure Acquires Volante Global

March 22, 2022

Insurance

Acrisure has acquired Volante Global, a London-headquartered, multi-class international Managing General Agent (MGA) that includes brands such as Aesir Space and Horizon Europe AG. The deal (terms not disclosed) brings Volante's specialty underwriting capabilities, Lloyd’s syndicate alignment and international presence into Acrisure’s growing MGA strategy; prior majority investor was Nephila Holdings Ltd. (a subsidiary of Markel Corporation).

Worldwide Facilities Acquires Royal Oak Underwriters, Inc.

June 8, 2020

Insurance

Worldwide Facilities, a national wholesale insurance broker and program underwriter, acquired Royal Oak Underwriters, an excess and surplus lines insurance wholesaler based in Richmond, Virginia. The deal expands Worldwide Facilities’ geographic footprint and specialty product offerings across several East Coast states, strengthening its MGA/MGA distribution capabilities.

Venbrook Group Acquires Alpharetta Underwriters

November 10, 2021

Financial Services

Venbrook Group, a Los Angeles-based insurance distribution and services holding company, acquired Alpharetta Underwriters, a specialty Managing General Agent (MGA) in Alpharetta, Georgia that provides Excess & Surplus (E&S) solutions for construction risks. The deal expands Venbrook's portfolio of E&S programs and strengthens its specialty underwriting capabilities for construction and contractor risks.