Stone Point Capital

Stone Point Capital LLC is a private equity firm based in Greenwich, Connecticut, specializing in investments within the global financial services industry. Established in 2005, the firm focuses on a variety of sectors, including advisory services, insurance, healthcare, specialty finance, and asset management. Stone Point Capital seeks to invest in mature, middle-market companies through strategies that encompass buyouts, growth capital, and opportunistic investments. The firm typically makes equity investments ranging from $5 million to $500 million and aims to secure control or significant minority stakes in its portfolio companies, often seeking board representation. Stone Point Capital's investment horizon generally spans five to ten years or longer, allowing for a strategic approach to various financial opportunities, including distressed assets and restructuring situations.

James Carey

Managing Director

John Coghlin

Principal

Chuck Davis

Chairman and CEO

Christopher Doody

Principal

Bruce Ferland

Principal

Ivan Flores

Managing Director and Director, Information Technology

Connor Lees

Analyst

Jarryd Levine

Principal

Clarinda Lim

Managing Director

Chip Mahoney

Managing Director

Joseph Makkar

Analyst

Zachary Moelchert

Analyst

Deva Mohammad

Associate

David Rogers

Director

Rory Shaw

Director

Chris Stroup

Managing Director

Adam Tuckman

Managing Director and Member of Stone Point Credit Team

Fazle Husain

Senior Associate

Past deals in Insurance

The Ardonagh Group

Private Equity Round in 2024
The Ardonagh Group brings together leading businesses in their fields to create a smart new vision for the insurance industry.

Truist Insurance Holdings

Acquisition in 2024
Truist Insurance Holdings is a subsidiary of Truist Financial Corporation and the sixth-largest insurance brokerage.

Truist Insurance Holdings

Secondary Market in 2023
Truist Insurance Holdings is a subsidiary of Truist Financial Corporation and the sixth-largest insurance brokerage.

CyberCube

Series C in 2022
CyberCube Analytics, Inc. is a San Francisco-based company that operates a cyber risk analytics platform tailored for the global insurance industry. Founded in 2017, CyberCube specializes in providing data-driven cyber analytics, which assist insurance organizations in making informed decisions regarding insurance placements, underwriting cyber risks, and managing risk aggregation. Its cloud-based platform integrates big data, artificial intelligence, and actuarial science, offering insights derived from vast amounts of data on millions of companies and various technology failure scenarios. Through its services, CyberCube enables insurers to better assess financial losses and industry benchmarks, ultimately supporting businesses in navigating the complexities of cyber risk in the digital landscape.

Covr Financial Technologies

Series B in 2022
Covr Financial Technologies, Inc. operates as a digital brokerage general agency, providing life, long-term care, and disability insurance solutions tailored for financial institutions, their advisors, and clients. The company's offerings include the Covr Advisor platform, which enables financial advisors to efficiently meet their clients' insurance needs by selecting appropriate products, and the Covr Consumer platform that allows banks and credit unions to sell insurance directly to customers online. Additionally, Covr Insights assists in managing and analyzing existing life insurance policies. Founded in 2013 and based in Boise, Idaho, Covr serves over 24,000 financial advisors and 13 million customers across various financial institutions, including wealth management firms, banks, and credit unions. The company is supported by notable venture capital investors and features an advisory board that includes prominent figures from the financial services industry.

Tivity Health

Acquisition in 2022
Tivity Health, Inc® is a leading provider of fitness and health improvement programs, with strong capabilities in developing and managing network solutions. Through its existing three networks, SilverSneakers® - the nation’s leading fitness program for older adults, Prime® Fitness and WholeHealth Living®, Tivity Health is focused on targeted population health for those 50 and over. With more than 15 million Americans eligible for SilverSneakers, over 10,000 fitness centers in the Prime Fitness Network, and more than 25 years of clinical and operational expertise in managing specialty health benefits and networks, including chiropractic services, physical therapy, occupational therapy, speech therapy, acupuncture, massage and complementary and alternative medicine (CAM) services, the company touches millions of consumers across the country and works directly with hundreds of healthcare practitioners and many of the nation’s largest payers and employers.

Businessolver

Acquisition in 2021
Businessolver, Inc. is a technology company that specializes in employee benefits administration through its online platform. This software as a service (SaaS) solution provides a comprehensive suite of services, including benefits enrollment, payroll and billing, compliance management, and reporting and analytics. In addition, Businessolver offers tools designed to enhance employee engagement, such as the MyChoice recommendation engine and mobile application. The platform also features a machine learning-based online assistant named Sofia, which supports employees in navigating their benefits options. Businessolver serves various sectors, including technology, healthcare, education, and government, and aims to help organizations optimize their benefits programs while managing risk. Founded in 1998, the company is headquartered in West Des Moines, Iowa, with additional offices in several major cities across the United States.

Truepic

Series B in 2021
Truepic, Inc. operates an image authentication platform that enables consumers and enterprises to verify the authenticity of images and videos. Founded in 2014 and based in La Jolla, California, the company uses controlled capture technology and an image processing engine to combat visual deception and disinformation. Truepic's applications span various sectors, including insurance claims, property management, beauty, health, online sales, and journalism. Its transparency tools provide verifiable information about the origin and editing history of digital content, empowering users to distinguish between authentic and manipulated media. Recognized by notable publications for its innovative approach, Truepic's technology is trusted by consumers, businesses, creators, and publishers to make informed decisions regarding digital content.

Ascensus

Acquisition in 2021
Ascensus delivers high-quality solutions for every segment of the retirement plan marketplace. A division of Crump Group, Inc., a leading provider of retirement services and the largest, most diversified wholesale insurance distributor in the U.S., Ascensus services nearly 27,000 defined contribution plans in the micro to large markets and administers over 1.5 million IRAs.

Archipelago

Series B in 2021
Archipelago is an AI-powered commercial property risk platform that delivers real-time visibility into how to better manage risk, improve portfolio resilience, and add value to portfolios through intelligent insurance and investment methods. Archipelago provides businesses with greater visibility into their data and greater control over their operations.

Gradient AI

Series B in 2021
Gradient AI specializes in providing artificial intelligence solutions tailored for the insurance industry. The company utilizes extensive industry data and advanced machine learning models to enhance critical processes such as underwriting and claims management. By integrating its predictive analytics platform directly into clients' existing systems through automated workflows and APIs, Gradient AI facilitates more informed decision-making and improves operational efficiency. This technology not only aids in accurate risk assessment but also helps minimize claims and boost profitability for insurance companies, ultimately leading to better customer service and streamlined processes.

Inigo

Private Equity Round in 2020
Inigo Ltd. is a specialty insurance and re-insurance company.

Eden Health

Series B in 2020
Eden Health is a primary care and insurance navigation company for employers, designed to elevate the health and wellbeing of employees everywhere. It helps employees navigate today’s complicated healthcare landscape across insurance, primary care and mental healthcare, so they can make smart, well-informed, and cost-conscious decisions.

Branch

Series A in 2020
Branch is a full-stack insurance company designed to make home and auto insurance simpler to buy and less expensive. Using data, technology, and automation, Branch created the world's first instant, online bundling capability which helps people save thousands of dollars a month in just minutes. Branch partners across the home and auto landscape to embed insurance at the moments that matter, delivering greater convenience and better savings.

SunFire

Venture Round in 2020
SunFire is a cloud-based technology platform providing technology solutions to support the ever-growing Medicare landscape. Its seamless and compliant software plays a critical role in providing health and financial security to over 50 million seniors. The company was founded in 2016 and is based in Boston, Massachusetts.

Bold Penguin

Series B in 2019
Bold Penguin is a commercial insurance exchange that connects customers, agents, and carriers to match the right quote in record time. With a heavy focus on the agents, Bold Penguin pushes the boundaries of user experience for businesses, an easy tool for agents, and a streamlined process of underwriting for carriers. The company operates an Exchange which utilizes a set of solutions to identify, triage, quote, and bind commercial insurance in a highly efficient and tech-enabled way. It plans to deliver on the platform enhancements which include more flexibility in how the core technology is leveraged by enterprise customers, expanding in excess and surplus lines. The Company offers a streamlined process of underwriting for carriers in commercial property and casualty insurance services. Bold Penguin was founded in 2016 and is headquartered in Columbus, Ohio, USA.

Applied Systems

Venture Round in 2018
Applied Systems, Inc. is a leading provider of software solutions tailored for the insurance industry, focusing on agency and brokerage management. The company offers a range of products including Epic, a comprehensive management system for insurance agencies aimed at enhancing business growth and client relationships; TAM, which facilitates daily operations for agencies; DORIS, an online management system that streamlines workflows and interfaces with insurance carriers; and Vision, designed for managing complex business structures and diverse insurance lines. Additionally, Applied Systems provides Performance Management for data analysis, MobileProducer for mobile access to client and policy information, and Applied Analytics for data-driven insights. The company also delivers professional services such as consulting, training, and support. Established in 1983 and headquartered in University Park, Illinois, Applied Systems has expanded its reach with offices in Canada and the United Kingdom, serving insurance professionals, agencies, brokerages, and carriers both in North America and internationally.

Genex Services

Acquisition in 2018
GENEX Services, Inc. provides managed care services to insurers, employers, and third party administrators in North America. It offers workers’ compensation and disability management solutions that include catastrophic case management, vocational case management, utilization review, independent medical examinations, physician advisor services, comprehensive pharmacy review, employer services, Medicare set-aside, short-term disability/long-term disability, and certified managed care plans; and medical cost containment solutions, such as medical review, bill negotiation, broad-based networks, medical diagnostic network, physical therapy network, pharmacy benefit management, and choice provider network services. The company also provides social security representation program and specialized non-occupational disability management services to employers; and integrated risk management solutions that include claims analysis, predictive modeling, and compliance and state reporting. It also serves insurance carriers, managed care and healthcare organizations, self-administered companies, state funds, and reinsurers. GENEX Services, Inc. was formerly known as General Rehabilitation Services, Inc. and changed its name to GENEX Services, Inc. in December 1994. The company was founded in 1978 and is headquartered in Wayne, Pennsylvania. It has locations in the United States, Puerto Rico, and Canada. GENEX Services, Inc. is a former subsidiary of Unum Group.

KaylaRe

Venture Round in 2016
KaylaRe is a Class 4 reinsurer that offers a diversified range of specialty reinsurance. The company was acquired in full by Enstar in 2018.

Long Term Care Group

Acquisition in 2014
Long Term Care Group is a prominent provider of business process outsourcing services tailored specifically for the long-term care insurance industry. The company supports over 50 insurers, including major players in the market, by offering comprehensive administrative services such as application processing, underwriting, policy administration, and claims and care management. Additionally, LTCG conducts health and functional assessments, providing valuable insights into risk management through its extensive database of long-term care underwriting and claims. By enabling clients to efficiently manage their complex long-term care portfolios, LTCG helps enhance their financial performance in a competitive landscape.

New Ocean Capital Management

Venture Round in 2013
New Ocean Capital Management Limited is a Bermuda-based asset manager with expertise investing in reinsurance risk products. New Ocean is focused on providing investors with risk-adjusted returns in the insurance and reinsurance convergence market.

Enstar Group

Acquisition in 2012
Enstar Group is a specialized insurance and reinsurance company focused on acquiring and managing firms and portfolios in run-off. The company provides a range of services, including management consulting, claims inspection, and reinsurance collection, primarily serving multinational clients across Bermuda, the United States, the United Kingdom, Australia, and Europe. Enstar Group aims to create value through its diverse segments, which include Run-off, Assumed Life, Investments, and Legacy Underwriting, while seeking attractive risk-adjusted returns from its investment portfolio. Originally known as Castlewood Holdings Limited, the company rebranded to Enstar Group Limited following its merger with The Enstar Group, Inc. in January 2007.

Yadkin Bank

Post in 2009
Yadkin Bank is a full-service statechartered community bank providing services in 100 branches across North Carolina and upstate South Carolina. Serving approximately 130,000 customers, Yadkin has assets of $7.5 billion. Yadkin Bank's primary business is providing banking, mortgage, investment and insurance services to residents and businesses across the Carolinas. Yadkin Bank provides mortgagelending services through its mortgage division, Yadkin Mortgage, headquartered in Winston-Salem, NC. Yadkin Bank's SBA Lending (Government Guaranteed Lending) is headquartered in Charlotte, NC. Yadkin Financial Corporation's website is www.yadkinbank.com. Yadkin Financial Corporation's common stock is traded on the NYSE under the symbol YDKN.

Asset Allocation and Management Company

Acquisition in 2007
Asset Allocation & Management Company, LLC (AAM) is a registered investment advisor with the SEC and was founded in 1982 to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment.

Edgewood Partners Insurance Center

Seed Round in 2007
Edgewood Partners Insurance Center (EPIC) is a retail insurance brokerage and consulting firm specializing in risk management and employee benefits. Founded in 2007 and headquartered in San Francisco, EPIC has expanded its operations to ten offices across California, as well as locations in Denver and New York. With a team of over 300 professionals, the firm is recognized as one of the largest brokers in the U.S. West and ranks among the top 40 retail insurance brokers nationwide. EPIC has experienced significant growth, increasing its revenue from $12 million at inception to an estimated run rate of $200 million, achieved through both organic growth and strategic acquisitions. The company is known for its values-based, client-focused culture, which has garnered accolades as a “Best Place to Work” in various regions and sectors. EPIC offers a comprehensive range of services, including commercial property and casualty insurance, employee benefits, specialty programs, and private client services, positioning itself as a leader in the insurance industry.

Bay Point

Funding Round in 2006
Bay Point Holdings Limited is a special purpose “side car” vehicle formed to reinsure the short-tail business written by Harbor Point Limited, a former Trident portfolio company.

Global Specialty Risk

Seed Round in 2000
Global Specialty Risk provided directors’ and officers’ liability insurance and other specialty risk coverage to underserved niches of the professional liability marketplace. It also offered highly structured risk-transfer solutions for difficult-to-quantify liabilities to facilitate mergers, acquisitions, refinancings, and reorganization transactions. It is based in New York, New York.
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