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May 22, 2008 in Editors' Featured
Private Equity in Today’s E&S Brokerage World
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Private equity has come to play a bigger role in the excess and surplus lines industry for aggregators, start-ups and other brokerages. Is this capital good for the industry? What are the challenges for wholesalers partnering with private equity firms? Will the private equity partners be happy with their investments or look for quick exits?
Three E&S executives who see the role of private equity in a positive light are Neal Abernathy, president and CEO of Swett & Crawford; Steve DeCarlo, CEO of the AmWINS Group and Chris Treanor, president and CEO of Mercator Risk Services.
Burns & Wilcox President and CEO Alan Kaufman, however, isn't sold on private equity in the E&S business.
Insurance Journal's Stephanie Jones asked each of these leading surplus lines executives about private equity and its role in their firms and in the E&S industry at last year's NAPSLO annual meeting in New Orleans.
