Gryphon Holdings has agreed to amass PrimeOne Insurance coverage Firm, a personal specialist supplier of business insurance coverage within the US.
Monetary specifics of the deal stay undisclosed.
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PrimeOne specialises in property and casualty (P&C) insurance coverage, working primarily with programme directors and managing common brokers (MGAs) inside particular market segments.
The insurer focuses on underwriting practices, danger administration, reinsurance and capital oversight.
Below Gryphon’s possession, PrimeOne is anticipated to operate as a core underwriting platform inside the group.
As a part of Gryphon, PrimeOne’s purchasers and companions will achieve entry to a wider vary of providers, improved operational choices, and broader connections to international danger and capital sources.
PrimeOne president David Thorson stated: “Partnering with Gryphon supplies PrimeOne with long-term strategic capital and a broader platform to increase our underwriting capabilities whereas sustaining the self-discipline and consumer focus that outline our enterprise.
“We see this transaction as a possibility to speed up progress, deepen reinsurance relationships, and create new alternatives for our purchasers and companions.”
Gryphon Holdings is backed by Phoenix Service provider Companions and supplies capability for insurance coverage and reinsurance in addition to funding in specialty markets.
With the addition of PrimeOne, Gryphon’s platform will prolong to MGA incubation, third-party claims and coverage administration providers, asset administration for insurance-linked investments, and elevated insurance coverage and reinsurance capability via its inner provider mannequin.
The deal completion is anticipated within the first quarter of 2026, pending approval from regulators.
Gryphon CEO Erin Brennan Bagley commented: “We’re excited to welcome PrimeOne into the Gryphon enterprise.
“This acquisition accelerates our imaginative and prescient of making a unified platform the place buyers and insurance coverage market contributors can join, innovate and thrive. PrimeOne’s status and capabilities might be key belongings as we proceed to construct out our specialty insurance coverage, asset administration and bespoke reinsurance capability options.”
This transfer follows information of the deliberate acquisition of Live performance Group by Freedom Underwriters, one other entity backed by Gryphon and its unique buyers.
