Gallatin Point acquiring majority stake in American Family reciprocal TRUE
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Gallatin Point acquiring majority stake in American Family reciprocal TRUE

Thorsten Schier
03 January 2024
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
American Family logo amfam logo.jpg

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

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News ILS investors
thorsten schier/thorsten schier II ILS.png
Thorsten Schier
Managing Editor, Insurance Insider ILS
Contact
Gift this article