DUAL, a specialist underwriting group part of Howden Group Holdings, has reached a game-changing agreement to acquire one of Bregal Sagemount’s major investments: Align Financial Holdings, a leading specialist insurance underwriting services company.
Through the acquisition, DUAL and Align have created an international managing general agent (MGA) that effectively revolutionizes the underwriting industry. Together, they share more than $2 billion in gross written premium (GWP), a thousand employees across 16 countries, thousands of broker partners, and upwards of 80 capacity providers.
“The opportunity to grow a next-generation underwriting management business that charts new territories for ourselves and our partners is very real and compelling,” said Align CEO and founder Kieran Sweeney. “It was immediately clear to our Board and Align’s major investor, Bregal Sagemount, that DUAL Group has an exciting future, and that the talented team that has joined us at Align over the past eighteen years will be presented with incredible opportunities in the newly combined business.”
DUAL is the underwriting arm of Howden Group Holdings, boasting more than two decades of experience in the insurance sector. With offices around the globe, DUAL is the largest international underwriting agency in the world. Read its Press Release about the merger or visit https://www.dualgroup.com to learn more.
About Align Financial Holdings
Align Financial Holdings, LLC provides specialty insurance underwriting services. Since its founding in 2003 in San Diego, California, it has successfully diversified across various specialty underwriting product lines. For more information, please go to https://www.aligngeneral.com.
About Bregal Sagemount
Headquartered in New York, Bregal Sagemount champions a founder-friendly approach to private equity in its mission to help market leaders continue to grow. It currently holds investments in over 45 market-leading companies across an array of targeted high-growth sectors: business and consumer services, digital infrastructure, financial technology/specialty finance, health care IT/services, and software.