Vanbridge LLC, an insurance intermediary, capital advisory and insurance and reinsurance management firm based in New York, announced that it has agreed to acquire Alan Gray Inc., an audit, actuarial, underwriting, reinsurance and risk management firm in Boston. Terms of the transaction were not disclosed.
Alan Gray Inc. was established in 1988 as a claims and audit advisory firm. The firm provides claims administration and audit services, actuarial, underwriting, legal bill auditing, reinsurance collections and risk management services to clients including insurers and reinsurers, agencies, MGAs, self-insured corporation and public entities.
Vanbridge provides products and services for insurance and reinsurance, private equity and hedge fund industries. Services include insurance and employee-executive benefit programs tailored to the needs of private equity funds and their portfolio companies. Vanbridge’s strategic investors include: Alvarez & Marsal Capital, KKR Capital Markets LP, and investment funds managed by Stone Point Capital and V.J. Dowling.
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