Gallatin Point acquiring majority stake in American Family reciprocal TRUE
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Gallatin Point acquiring majority stake in American Family reciprocal TRUE

Thorsten Schier
03 January 2024
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Gallatin Point is acquiring a majority stake in the attorney-in-fact for American Family’s reciprocal insurer Trusted Resource Underwriters Exchange (TRUE).

As part of the acquisition, Gallatin Point is investing over $1.25bn in TRUE, which the reciprocal will use to provide underwriting capacity in Florida “at a crucial time” and to expand its footprint nationally, according to a statement.

American

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Thorsten Schier
Managing Editor, Insurance Insider ILS
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