Broker, agency join to service alternative reinsurance market
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Vanbridge Holdings L.L.C., a New York insurance broker, and Atlas General Holdings, a San Diego insurance agency, have entered a strategic partnership targeting the traditional and alternative reinsurance sector.
Terms of the transaction were not disclosed, Vanbridge said Tuesday in a statement.
“This partnership and investment by Vanbridge will bring Atlas closer to alternative asset managers, the capital markets and new sources of deal flow, acquisition opportunities, capital and capacity,” Bill Trzos, president and CEO of Atlas, said in the statement.
The partnership “will also create a number of opportunities for Vanbridge's core client base of private equity firms, hedge funds and other alternative asset managers,” Vanbridge CEO Philip V. Moyles Jr. said in the statement.
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