Stone Point Capital News

Alliant Reports ‘Significant’ Investment from Stone Point Capital

Specialty insurance brokerage Alliant Insurance Services announced what it termed “a significant equity investment” from funds managed by Stone Point Capital LLC. The Newport Beach, California-based broker, which is also backed by the investment manager Kohlberg Kravis Roberts & Co. …

XL and Stone Point Form New Bermuda Company for ILS Market Products

XL Group and private equity firm Stone Point Capital LLC have announced the formation of a new Bermuda-based company to act as an investment manager in insurance-linked securities (ILS) and other reinsurance capital markets products. XL said it “has a …

Lockton Consolidates International Operations with Trident III Buyout

Insurance broker Lockton announced that it has acquired the minority stake in its operations outside the U.S. held by Trident III, L.P., an investment fund managed by Stone Point Capital LLC of Greenwich, Connecticut. The bulletin explained that Stone Point …

Insurance Claims Firm Cunningham Lindsey Put Up for Sale

Cunningham Lindsey, an insurance claims management company controlled by buyout firm Stone Point Capital LLC, is up for sale and could fetch more than $1 billion, sources familiar with the situation said. Bank of America Merrill Lynch is advising Cunningham …