Flexpoint Ford Partnership with Bridgehaven Insurance

Bridgehaven Insurance (“Bridgehaven”), a new UK hybrid-fronting carrier, has announced a partnership with Flexpoint following PRA approval

Bridgehaven aims to become the leading UK hybrid-fronting insurer of commercial and specialty lines

• Bridgehaven will support MGAs and program managers with a track record of profitable underwriting in commercial and specialty risks
• To drive the profitable underwriting results, Bridgehaven will partner with select MGAs using a shared risk approach
• Bridgehaven will look to build a £1bn premium book over the next five years, with plans to target international business including European business over time

The senior management team includes executives with a track record of building and operating insurance companies

• The company will be led by Paul Jewell, a seasoned professional with over 30 years of experience with global P&C insurance carriers and MGAs
• Erik Matson, CEO of U.S. fronting carrier MS Transverse, will be Non-Executive Chairman

Flexpoint is a private equity investment fund founded in 2005 and headquartered in Chicago

• Flexpoint has approximately $7.5bn^(a) of regulatory assets under management and specialises in investments in the Financial Services and Healthcare sectors
• Other existing and prior insurance investments include TigerRisk Partners, GeoVera, Sagesure, Vale Insurance and Propel Insurance

HTCMA acted as financial advisor to Flexpoint with key roles and responsibilities including:

• Providing objective advice and acting as a sounding board to Flexpoint
• Conducting business and financial due diligence in support of Flexpoint’s Investment Committee materials
• Provided insights into the MGA and fronting market and assisted in a review of Bridgehaven’s pipeline
• Leveraging the wider Howden Tiger organisation to provide market expertise to Flexpoint

(a) As of the time of the transaction.