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.
Roof Costs Soar Even as Claims Decline: Verisk 
Florida Supreme Court Posts New Rule on AI Hallucinations in Court Filings 
Helicopter Crash in Georgia Kills Groom, Pilot, Hours After Huge Wedding Celebration 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
