Stone Point Capital

Stone Point Capital LLC, established in 2005, is a private equity firm headquartered in Greenwich, Connecticut, with an additional office in New York. It specializes in investing in the global financial services industry, with a focus on mature, middle market companies. The firm seeks control or substantial minority positions in its portfolio companies, typically investing between $5 million and $500 million, and has an investment horizon of five to ten years or more. Stone Point Capital's strategy involves identifying opportunities in sectors such as insurance, banking, asset management, and healthcare services, often involving supply and demand imbalances, restructurings, distressed assets, and special situations. The firm was formerly known as MMC Capital, Inc.

Darran Baird

Managing Director

Scott Bronner

Managing Director, Credit and Board Member

Kyle Buseck

Associate

Molly Carpenter

Associate

Haley Click

Associate

John Coghlin

Principal

Chuck Davis

Chairman and CEO

Charles A. Davis

CEO

Nikhil Dixit

Director

Christopher Doody

Principal

Bruce Ferland

Principal

Ivan Flores

Managing Director and Director, Information Technology

Calvin Gaines

Associate

Richard Goldman

CFO and Managing Director

Spencer Holtzman

Director

Harrison Hunter

Managing Director

Fazle Husain

Associate

Fazle Husain

Senior Associate

Agha Khan

Managing Director and Co-Head of Private Equity

Connor Lees

Analyst

Jarryd Levine

Managing Director

Clarinda Lim

Managing Director

Greg Lim

Director

Chip Mahoney

Managing Director

Joseph Makkar

Analyst

James Matthews

Managing Director

Zachary Moelchert

Analyst

Deva Mohammad

Associate

Michael Perez

Managing Director and Member of Stone Point Credit Team

Susie Pratt

Associate

Teddy Price

Associate

Carlos Raedler

Associate

Andrew Reutter

Managing Director and leads Capital Markets

Justin Rispler

Managing Director

David Rogers

Director

Eric Rosenzweig

Managing Director

William Santaniello

Director and Controller

Dhruv Sarna

Managing Director

Alex Sarnoff

Vice President

Lauren Seidman

Managing Director

Rory Shaw

Director

Chris Timchak

Managing Director

Walter Tomasino

Associate

Amy Tran

Vice President

Adam Tuckman

Managing Director and Member of Stone Point Credit Team

Ian Uriguen

Vice President

Seth Weisberg

Vice President

Jack Wendler

Vice President

Nicholas Zacchilli

Vice President

Nicolas Zerbib

Chief Investment Officer, Managing Director, IC Member and Member of the Investment Committees of the Trident Funds

Past deals in Insurance

The Ardonagh Group

Private Equity Round in 2024
The Ardonagh Group is a prominent provider of insurance brokerage services, operating across the entire insurance value chain in the United Kingdom, Ireland, and international markets. The company integrates leading businesses in the insurance sector to develop a cohesive vision for the industry. It offers a diverse array of insurance-related products and services, catering to a wide clientele that includes complex multinational corporations and individual consumers seeking personal insurance solutions. By collaborating with various insurer partners, The Ardonagh Group delivers a comprehensive range of products and risk solutions designed to meet the specific needs of its customers.

Sedgwick Claims Management Services

Private Equity Round in 2024
Sedgwick Claims Management Services is a prominent North American provider of technology-enabled claims and risk management solutions, headquartered in Memphis, Tennessee. The company employs nearly 11,000 professionals across approximately 200 offices in the United States and Canada. Sedgwick offers a comprehensive range of services, including claims administration for workers' compensation, disability, and employee absence programs, as well as liability claims in general, automobile, and professional sectors. Additionally, the company specializes in managed care, fraud investigation, structured settlements, and Medicare compliance solutions. By leveraging advanced technology and industry expertise, Sedgwick designs customized programs that address the evolving needs of its clients while maintaining cost-effective operations.

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. is a digitally enabled brokerage general agency based in Boise, Idaho, founded in 2013. The company specializes in providing life, long-term care, and disability insurance solutions tailored for financial institutions, advisors, and their clients. Covr offers a suite of digital platforms, including Covr Advisor, which helps financial advisors meet their clients' insurance needs by selecting appropriate products; Covr Consumer, which allows banks and credit unions to sell life insurance directly to customers; and Covr Insights, a tool for managing and analyzing existing life insurance policies. The company serves over 24,000 financial advisors and 13 million customers across 30 financial institutions, facilitating a simplified and efficient sales process for life insurance products.

Tivity Health

Acquisition in 2022
Tivity Health, Inc. is a prominent provider of fitness, nutrition, and social connection solutions in the United States, primarily serving adults aged 50 and over. The company operates two main segments: Healthcare and Nutrition. The Healthcare segment includes the SilverSneakers program, which offers fitness opportunities to Medicare Advantage and Medicare Supplement members, along with the Prime Fitness program that provides access to fitness facilities through various sponsors. Additionally, it offers health services such as chiropractic care and physical therapy. The Nutrition segment features weight management solutions under brands like Nutrisystem and South Beach Diet, offering pre-packaged foods directly to consumers through various channels including online sales and retail partnerships. Founded in 1981 and headquartered in Franklin, Tennessee, Tivity Health has a strong network of over 10,000 fitness centers and extensive experience in managing health benefits, enabling it to positively impact the lives of millions of Americans.

Businessolver

Acquisition in 2021
Businessolver, Inc. is a technology company specializing in employee benefits administration through its software-as-a-service (SaaS) platform. Founded in 1998 and headquartered in West Des Moines, Iowa, it provides a comprehensive suite of services that includes benefits enrollment, payroll and billing, compliance management, reporting and analytics, and consumer account administration. The platform also features tools designed to enhance employee engagement, such as the MyChoice recommendation engine and mobile application. Businessolver serves a diverse range of sectors, including technology, healthcare, education, government, manufacturing, retail, and hospitality. The company has established additional offices across several U.S. cities, including Denver, Chicago, Charlotte, Iowa City, Seattle, Louisville, and Dallas. It also employs machine learning technology in its online assistant, Sofia, to further assist employees in navigating their benefits.

Truepic

Series B in 2021
Truepic, Inc. is an image authentication platform based in La Jolla, California, founded in 2014. The company specializes in verifying the authenticity of images and videos, offering solutions applicable in various sectors such as insurance, property management, beauty, health, online sales, and journalism. Truepic’s technology employs controlled capture methods and an image processing engine to combat visual deception and disinformation, enabling users to request and review trustworthy content from any location. Its transparency tools provide verifiable information about the origin and editing history of digital assets, empowering consumers and enterprises to make informed decisions. Recognized for its innovative approach, Truepic has been acknowledged in notable publications for its contributions to enhancing digital content authenticity.

Ascensus

Acquisition in 2021
Ascensus is a provider of comprehensive retirement plan solutions and tax-advantaged savings plans. As a division of Crump Group, Inc., it serves various segments of the retirement market, managing nearly 27,000 defined contribution plans across micro to large markets and administering over 1.5 million Individual Retirement Accounts (IRAs). The company partners with financial institutions, asset managers, banks, credit unions, state governments, and employers to offer tailored applications that address financial responsibilities related to college education, healthcare, training, and retirement savings. Ascensus is committed to delivering high-quality services that support the financial well-being of its clients and their customers.

Archipelago

Series B in 2021
Archipelago Analytics, Inc., based in San Francisco, California, was incorporated in 2018 and specializes in utilizing artificial intelligence to enhance risk management for large commercial property owners. The company's platform digitizes risk data, facilitating improved insurance outcomes and overall resilience. By enabling the efficient movement of critical information through the insurance value chain—from clients to brokers and capacity providers—Archipelago aims to lower the total cost of risk for its users, ensuring they receive timely and relevant data to make informed decisions.

Gradient AI

Series B in 2021
Gradient AI is a provider of AI solutions specifically tailored for the insurance industry, utilizing extensive industry data to deliver accurate predictions. The company's predictive analytics platform enhances key processes such as underwriting and claims management by integrating advanced machine learning models. Through automated workflows and seamless API integration, Gradient AI enables insurance companies to streamline their operations, improve decision-making, and enhance customer service. Their technology aims to minimize claims and boost profitability, ultimately leading to better risk assessment and more efficient business practices within the insurance sector.

Inigo

Private Equity Round in 2020
Inigo Limited is a specialty insurance and reinsurance company based in Bracknell, United Kingdom, established in 2020. The firm provides a range of insurance products, focusing on areas such as property, terrorism, political violence, and financial lines, including casualty insurance. By underwriting a streamlined portfolio of insurance and reinsurance risks, Inigo aims to support commercial and industrial enterprises in making informed decisions regarding their coverage needs.

Eden Health

Series B in 2020
Eden Health, Inc. is a New York-based company that specializes in primary care and insurance navigation services tailored for employers and their employees. Established in 2015, the firm provides a text-based messaging platform that offers a range of services, including access to a private doctor's office, 24/7 telemedicine, and assistance in navigating insurance options. By simplifying the complex healthcare landscape, Eden Health aims to enhance the health and wellbeing of employees, enabling them to make informed and cost-effective healthcare decisions regarding primary care and mental health services.

Branch

Series A in 2020
Branch Financial, Inc. is an insurance agency based in Columbus, Ohio, founded in 2017 by Steve Lekas and Joe Emison. The company specializes in home and auto insurance, offering a range of products including renters and umbrella insurance, which can be added to auto policies. Utilizing advanced technology, Branch streamlines the process of bundling home and auto insurance online, aiming to enhance accessibility and affordability for its customers. By leveraging community resources, Branch seeks to transform the insurance landscape, making it easier for individuals to obtain necessary coverage.

Safe-Guard Products International

Acquisition in 2020
Safe-Guard Products International, LLC specializes in developing, marketing, and administering finance and insurance programs for the automotive aftermarket industry, as well as the recreational vehicle, marine, and motorcycle segments. Based in Atlanta, Georgia, with additional locations in Irvine, California, and Toronto, Canada, the company offers a wide range of protection solutions including mechanical coverage, appearance protection, tire and wheel, road hazard, key replacement, vehicle theft protection, prepaid maintenance, and more. These services are designed to complement manufacturers' warranties and protect consumers from financial risks associated with vehicle maintenance and repair. Safe-Guard serves auto, motorcycle, and marine manufacturers, as well as retailers, and distributes its products through dealers and representatives in the United States and Canada. Founded in 1992, the company aims to enhance the consumer's ownership experience by offering coverage for both expected and unexpected costs.

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 for the insurance industry, specializing in agency and brokerage management systems. Founded in 1983 and headquartered in University Park, Illinois, with additional offices in Canada and the United Kingdom, the company offers a range of products designed to optimize business operations for insurance agencies. Key offerings include Epic, which enhances client relationships and business growth; TAM, for managing daily operations; DORIS, an online management system that interfaces with insurance carriers; and Vision, which supports complex business structures and niche markets. Additionally, Applied Systems provides Performance Management for data analysis, Mobile Producer for accessing client and policy information on mobile devices, and Applied Analytics for data-driven insights. The company serves insurance professionals, agencies, brokerages, and carriers across North America and internationally, also offering professional services such as consulting, education, and support.

Genex Services

Acquisition in 2018
GENEX Services, Inc. is a provider of managed care services based in Wayne, Pennsylvania, specializing in workers' compensation and disability management solutions. Founded in 1978, the company offers a diverse range of services, including catastrophic and vocational case management, utilization review, independent medical examinations, and pharmacy benefit management. GENEX also delivers medical cost containment solutions through services such as bill negotiation, medical review, and access to extensive provider networks. Additionally, the firm offers social security representation and specialized non-occupational disability management for employers, alongside integrated risk management solutions that encompass claims analysis and predictive modeling. Serving a wide array of clients, including insurers, managed care organizations, and employers, GENEX leverages intelligent systems and data analysis to improve the care and outcomes for injured and disabled employees across North America, including the United States, Puerto Rico, and Canada.

Applied Systems

Private Equity Round in 2017
Applied Systems, Inc. is a leading provider of software solutions for the insurance industry, specializing in agency and brokerage management systems. Founded in 1983 and headquartered in University Park, Illinois, with additional offices in Canada and the United Kingdom, the company offers a range of products designed to optimize business operations for insurance agencies. Key offerings include Epic, which enhances client relationships and business growth; TAM, for managing daily operations; DORIS, an online management system that interfaces with insurance carriers; and Vision, which supports complex business structures and niche markets. Additionally, Applied Systems provides Performance Management for data analysis, Mobile Producer for accessing client and policy information on mobile devices, and Applied Analytics for data-driven insights. The company serves insurance professionals, agencies, brokerages, and carriers across North America and internationally, also offering professional services such as consulting, education, and support.

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 specifically tailored for the long-term care insurance industry. The company supports over 50 insurers, including all of the top 10 carriers in this sector, by offering comprehensive administrative services such as application processing, underwriting, policy administration, and claims and care management. Additionally, LTCG delivers health and functional assessments, along with consulting services to help clients navigate their complex long-term care portfolios. With access to the industry's largest database of long-term care underwriting and claims, LTCG provides valuable insights into risk management, enabling its clients to enhance their financial performance effectively.

New Ocean Capital Management

Venture Round in 2013
New Ocean Capital Management Limited is a Bermuda-based asset management firm specializing in reinsurance risk products. As a subsidiary of Fundamental Insurance Investments Ltd., the company focuses on delivering risk-adjusted returns for investors in the insurance and reinsurance convergence market. New Ocean Capital provides a variety of fund strategy platforms that enable investors to participate in insurance-linked securities and other products within the reinsurance capital markets. Through its expertise in these areas, the firm aims to meet the needs of investors seeking opportunities in this specialized sector.

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 community bank that operates 100 branches across North Carolina and upstate South Carolina, serving approximately 130,000 customers with assets totaling $7.5 billion. The bank offers a range of services including personal and commercial banking, mortgage lending, investment, and insurance solutions tailored for both residents and businesses in the region. Yadkin Mortgage, the bank's mortgage division, is based in Winston-Salem, while its government-guaranteed lending services are managed from Charlotte. In addition to traditional banking services, Yadkin Bank provides various financial products, such as current and savings accounts, housing and vehicle loans, as well as internet and mobile banking services.

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.

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.

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.

Wilton Re

Private Equity Round in 2004
Wilton Re is a provider of life insurance and reinsurance services, headquartered in Wilton, Connecticut. Founded in 2004, the company specializes in the acquisition and management of blocks of in-force life insurance and annuities. It offers a range of services, including product development, underwriting, and strategic support for life insurance clients. Additionally, Wilton Re provides risk capital and related services, focusing on in-force acquisitions, middle-market products, traditional reinsurance, and longevity risk management. This comprehensive approach aims to enhance the capabilities of its clients while addressing the needs of the middle market.

CompWest Insurance

Seed Round in 2004
CompWest Insurance specializes in providing workers' compensation insurance to mid-size companies in California. The company collaborates with a network of insurance broker partners to serve various industries, including light manufacturing, retail and wholesale, hospitality, and construction. Additionally, CompWest Insurance offers a range of services such as dispute resolution for claims, medical management, and fraud detection and prevention. Its focus on diverse sectors ensures tailored insurance solutions that meet the unique needs of its clients.

James River Group Holdings

Seed Round in 2002
James River Group Holdings, Ltd., established in 2002, is a Bermuda-based company that specializes in providing specialty insurance and reinsurance services in the United States. It operates through three primary segments: Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance. The Excess and Surplus Lines segment focuses on underwriting liability and property insurance for small to medium-sized commercial accounts, distributed primarily through wholesale insurance brokers. The Specialty Admitted Insurance segment offers workers' compensation coverage for various industries and fronting business, while the Casualty Reinsurance segment provides proportional and working layer casualty reinsurance to unaffiliated insurance companies. The company aims to generate profits through underwriting and risk-adjusted investment returns while managing its capital effectively.

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.

Danish Re

Venture Round in 1999
Danish Re is the holding company for the reinsurance business. It operates through Lloyd’s integrated vehicle and focuses on short-tail property lines. The company is headquartered in Bermuda with offices in Copenhagen and London.
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