Insurance

Griffin provides licensed insurance carriers and other risk bearing entities, MGAs, MGUs and other producers, as well as TPAs and other insurance business service providers, with a broad range of strategic, financial and transactional investment banking services. Griffin is especially skilled in assisting mutual insurance companies explore their strategic options. Recently, Griffin and its affiliated law firm, Stevens & Lee, worked together with the Delaware Insurance Department and key legislators to draft the Delaware Insurance Company Mutual-to-Stock Conversion Act. As a result of this innovative legislation, Delaware has welcomed mutual insurance companies to redomesticate to raise capital to fuel organic growth, fund acquisitions or participate in a sponsored conversion. Griffin principals previously spearheaded a similar successful effort in Pennsylvania. Griffin and its affiliated companies provide a wide range of investment banking, advisory and legal services to insurance companies, including:

  • Mergers and Acquisitions
  • Renewal Rights Transactions
  • Loss Portfolio Transfers
  • Run-off Transactions
  • Demutualization
  • Strategic Alternative Studies and Capital Planning
  • Surplus Note Transactions
  • Mutual Holding Company Formation
  • Insurance Linked Securities
  • Redomestication
  • Government Affairs including creation and drafting of legislation
  • Risk Management
  • Growth Strategies
  • Alternative Market Structures including captives and RRGs
  • Reinsurance
  • Regulatory Compliance
  • FINRA licensing compliance
  • Coverage analysis and defense including coverage disputes in bankruptcy
  • Risk Finance Structures including placement of unique risks

Griffin has a national reach and can serve insurance-related businesses wherever they may be located. Our analytical, modeling and research talent, coupled with a number of proprietary research tools, enhance our ability to deliver the highest value to our clients. Griffin professionals have unique experience in the insurance industry that sets us apart from other firms:

  • Jeff Waldron advises on mergers and acquisitions and capital formation. He is the author of the Pennsylvania Insurance Company Mutual-to-Stock Conversion Act and was similarly involved in drafting Delaware’s demutualization legislation. For more than 25 years, he has worked with insurance companies and other financial institutions in more than 100 M&A transactions and has advised them in dozens of public and private capital raises, including surplus note, mutual holding company and demutualization transactions
  • Jeff Harenza advises insurance companies and other financial institutions in connection with mergers and acquisitions and accessing alternative sources of capital
  • Scott Burgess has more than 40 years of experience in the insurance industry and provides a broad range of strategic, financial and transactional investment banking services
  • Alex Clark has more than 25 years of insurance industry investment banking experience and has completed more than 15 M&A transactions, three mutual-to-stock conversion transactions and over 75 initial and secondary public equity and debt offerings