Aquiline Capital Partners, a New York-based private equity firm investing in financial services, has made an investment for a majority of the equity in Beach & Associates Ltd., an independent global reinsurance broker based in Toronto, Canada.
Beach & Associates’ founder and chairman, Jonathan Beach, will retain a significant investment in the firm and remain on its board of directors, according to the announcement by Aquiline Capital. In addition, Beach & Associates’ senior partners have invested in the firm alongside Aquiline Capital and will own approximately 15 percent of Beach & Associates, according to the announcement.
Beach & Associates is an independent specialty reinsurance intermediary with offices in Toronto, London, New York, Dallas and Bermuda.
Aquiline Capital is a private equity firm investing in middle-market businesses across the financial services sector in banking and credit, insurance, investment management and markets, and financial technology.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
WTW to Acquire Newfront in Deal Worth Up to $1.3B 
Hacking Group ‘ShinyHunters’ Claims Theft of Data From Users of Pornhub 
US House Bill Aims to End Private Flood Insurance Coverage Penalty 
Court Awards $32 Million Over Premature Baby’s Death at Yale Hospital 
