Aquiline Capital Partners has acquired Beach & Associates, a specialist reinsurance intermediary. The company’s Founder and Chairman, Jonathan Beach, will retain a significant investment in the firm and remain on its Board of Directors. Beach’s senior Partners have invested in the company alongside Aquiline and will own approximately 15 percent of the company.
“The Aquiline team shares our vision for the company and we look forward to leveraging their insurance expertise and capital investment to strengthen our business,” said Grahame Millwater, Chief Executive Officer of Beach & Associates. “This investment will allow us to continue our model of serving our clients with a team-oriented and forward-looking approach.”
Beach & Associates is an independent specialty reinsurance intermediary specializing in reinsurance placements for complex and technical books of business. The firm’s clients are mainly large US and international property and casualty commercial lines insurers underwriting specialty lines insurance products. Beach & Associates was founded in 1988 and has offices in London, Bermuda, Toronto, and New York (www.beachandassociates.com).
“With Grahame Millwater’s leadership, we see opportunity for Beach & Associates to develop and expand in the current market,” said Jeff Greenberg, Chief Executive Officer of Aquiline. “We look forward to working with Grahame and the rest of the senior leadership team.”
Aquiline Capital Partners invests in middle-market businesses across the financial services sector in banking and credit, insurance, investment management and markets, and financial technology. The firm is based in New York (www.aquiline-llc.com).
2014 PEPD • Private Equity’s Leading News Magazine • 11-14-14