NEW YORK, July 28, 2015 /PRNewswire/ -- Atlas General Holdings, a California based full service insurance services company that specializes in providing commercial insurance solutions, and Vanbridge Holdings LLC, an insurance intermediary, capital advisory, insurance and reinsurance management firm, jointly announced today that Vanbridge has made a permanent capital investment in Atlas through its newly formed Vanbridge Strategic Partners division. The terms of the transaction were not disclosed; however, Vanbridge will hold a seat on the Atlas General Holdings Board of Managers.
The partnership provides the opportunity for Atlas and Vanbridge to pursue a range of projects together involving the origination and underwriting of commercial insurance risks, and new modes of distribution of these risks into the traditional and alternative reinsurance markets.
"We are excited to have Vanbridge as a strategic partner," said Bill Trzos, CEO and President of Atlas. "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," continued Trzos.
"This is a unique opportunity for Vanbridge," said Philip V. Moyles, Jr., Managing Principal and CEO of Vanbridge Holdings LLC. "Atlas' strong management team led by Bill Trzos, has positioned the company perfectly in the commercial insurance market, as demonstrated by the firm's steady growth and underwriting track record over the last few years. Not only will this investment and partnership help accelerate Atlas' expansion into other states and offerings, but it will also create a number of opportunities for Vanbridge's core client base of private equity firms, hedge funds and other alternative asset managers," continued Moyles.
Vanbridge continues to hold a distinctive position in the market by virtue of its highly regarded strategic investors, which include: V.J. Dowling & Partners and Alvarez & Marsal Capital, among others. The combination of resources, along with those of their investors and other strategic capital partners, gives them the capacity to source, provide due diligence, advise, acquire and operate insurance related assets.
Dowling & Hales, LLC acted as advisor to Vanbridge Holdings LLC on the investment.
Atlas General Insurance Services is a full service program administrator that offers a wide range of insurance solutions. Atlas has expertise in developing and underwriting programs with a variety of insurance carrier partners. Atlas has the primary goal to provide exceptional service and unique options for its clients.
Vanbridge is an insurance intermediary, capital advisory, insurance and reinsurance management firm that provides products and services at the intersection of the (re)insurance, private equity and hedge fund industries. Examples include insurance and employee-executive benefit programs tailored to the needs of private equity funds and their portfolio companies: transaction solutions; origination and management of (re) insurance-related principal opportunities for investors; and (re) insurance-related advisory and product development services. Clients include private equity firms, hedge funds, insurers, reinsurers and banks.
SOURCE Vanbridge Holdings LLC