Experts agree were still in the early stages of this technology, and as it grows, it will create several investing opportunities. The transaction will add approximately $160 million of annual revenue to Truist Insurance Holdings wholesale division. Find company research, competitor information, contact details & financial data for REPRESENT HOLDINGS LLC of HELSINKI, Uusimaa. Formed in 2019 by RedBird Capital Partners, Constellation Affiliated Partners four core specialty markets include contractors' general liability, transportation, condominium/homeowners associations, and professional liability. CHARLOTTE, N.C., May 24, 2021 /PRNewswire/ -- Truist Insurance Holdings, Inc., a subsidiary of Truist Financial Corporation, announced today that it has signed a definitive agreement with RedBird Capital Partners to acquire Constellation Affiliated Partners, an insurance distribution platform operating seven managing general agents (MGAs) and program managers. 07337195 Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Our new expanded Specialty Programs Division will help us meet that growing need in todays difficult insurance marketplace.. Founded by former Goldman Sachs Partner Gerry Cardinale, RedBird today manages $4 billion of capital principally across its core industry verticals in Sports, TMT, Financial Services and Consumer. 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Partners - Constellation Board Member. In addition, Thank you! We have the reach and expertise to serve customers across multiple regions and commodities. Newest; Filter; Local; Constellation Affiliated Partners LLC. Starwind Specialty Insurance Services, LLC supports a diverse workforce and is an Equal Opportunity Employer who does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. The transaction, first announced in May, will add approximately $160 million of annual revenue to Truist Insurance Holdings wholesale division. Constellation Affiliated Partners Announces Acquisition of Trinity In April 1997, INSUREtrust was an industry leader in successfully developing, underwriting, and marketing an insurance policy covering the new commercial risks generated through the use of the Internet such as privacy and security breaches. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! Truist Insurance Holdings furthers growth through acquisition of Although Constellation has been executing its M&A strategy largely under the radar, sources said that the completed deals represent $900mn+ of premium volume and an estimated $35mn+ of Ebitda. becoming a Constellation channel partner. Constellation Affiliated Partners LLC average salary To protect our site, we cannot process your request right now. Zacks Equity Research for CRC Group has closed on the acquisition of Constellation Affiliated Partners, more than doubling the size of its Specialty Programs Division and creates one of the largest program managers in North America. Constellation Affiliated Partners LLC is in the Insurance Agents and Brokers business. Truist Financial (TFC) to Buy Constellation Affiliated Partner The Constellation Executive Committee is made up of experienced senior leaders who set the strategy and direction for our company. Constellation was recognized for the most comprehensive, innovative and strategic vision for the industry along with outstanding customer service reputation. Financial terms were not disclosed. Constellation Affiliated Partners. Financial terms were not disclosed. Constellation Affiliated Partners corporate office is located in 667 Madison Ave 11TH Fl, New York, New York, 10065, United States and has 10 employees. Join the conversation. Constellation Affiliated Partners was formed by RedBird Capital Partners in 2019 and has grown rapidly through a series of strategic acquisitions. Because forward-looking statements relate to future results and occurrences, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Evercore served as financial advisor, and Fried, Frank, Harris, Shriver & Jacobson served as legal counsel to Constellation Affiliated Partners. The ability to innovate and create market differentiating products and solutions is something that has separated us from the competition since our inception. We value the customers and communities that we serve and strive to meet the highest standards of ethics, innovation, customer focus, community service, and environmental stewardship. Constellation was named by The Energy Professionals Association (TEPA) as the 2022-2023 Supplier of the Year for excellence in competitive retail electricity and natural gas markets. Constellation was recognized for the most comprehensive, innovative and strategic vision for the industry along with outstanding customer service reputation. | Source: To read this article on Zacks.com click here. These symbols will be available throughout the site during your session. Find company research, competitor information, contact details & financial data for Mirabel Partners Oy of HELSINKI, Uusimaa. Constellation Affiliated Partners Announces Acquisition of - GlobeNewswire Bill Goldstein-led consolidator platform Constellation Affiliated Partners has already completed a number of acquisitions including a buy-in to MGA and wholesale broking platform Allstar Financial, The Insurer can reveal. Over the past six months, shares of Truist Financial have rallied 26.2%, underperforming the industrys 38.8% rally. Reach the largest reinsurance audience. Its four core specialty markets, including. It is thought the start-up will not look to fully integrate the companies it acquires but has been building an integrated common technology platform that MGAs, program administrators and wholesalers will operate from. He said CRC will also continue to seek strategic acquisitions. Constellation Affiliated Partners Acquires INSUREtrust; Haase to Retire For approximately two million residential, public sector, and business customers, including three-fourths of the Fortune 100, the right supplier is Constellation. CONSTELLATION AFFILIATED PARTNERS LLC - Bizapedia Currently, Truist Financial carries a Zacks Rank #3 (Hold). REPRESENT HOLDINGS LLC - Dun & Bradstreet Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Constellation Affiliated Partners LLC - Dun & Bradstreet With an open development approach Constellation is allowing their ecosystem to innovate and realize economies of scale that don't exist anywhere else - enabling fintechs to build superior products. CRC Groups new Specialty Programs Division now places more than $2.4B in premium across more than ten industry and specialty segments. At Constellation we strive to engage with companies that fall within our guiding principles of innovation, technology, and product excellence. It significantly expands our wholesale division, allowing us to double our programs business, and brings greater diversity to the types of programs we can provide clients by adding their complementary offerings." Copy and paste multiple symbols separated by spaces. Constellation Affiliated Partners is an insurance distribution platform operating seven managing general agents (MGAs) and program managers. There has been talk of multiples being affected by uncertainty around the Covid-19 impact on businesses and potential sellers that focus on directly hit segments such as hospitality will have either significantly recalibrated or taken themselves off the table. * Use of the term partner does not create or imply a legal partnership or any other fiduciary relationship between you and Constellation. Marsh Berry & Co was exclusive advisor to the seller. Get the latest business insights from Dun & Bradstreet. Starwind Insurance > Home Create your Watchlist to save your favorite quotes on Nasdaq.com. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. Evercore served as financial advisor, and Fried, Frank, Harris, Shriver & Jacobson served as legal counsel to Constellation Affiliated Partners.
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