Aquiline Capital Partners, a New York-based private equity firm investing in financial services, has made an investment for a majority of the equity in reinsurance intermediary.
Since its founding in 1988, Beach has built a reputation as an innovative organisation with differentiated technical capabilities and understanding of complex risks. Beach has a high-quality actuarial team and is recognised for its success in working with clients to understand their risk tolerance and identify advantageous reinsurance alternatives.
“The Aquiline team shares our vision for the Company and we look forward to leveraging their insurance expertise and capital investment to strengthen our business,” says Grahame Millwater, Chief Executive Officer of Beach & Associates.
Beach’s leadership has built the business into a stable and growth-oriented entity that is well-positioned to take advantage of opportunities in a dynamic operating environment. The Company’s Founder and Chairman, Jonathan Beach, will retain a significant investment in the firm and remain on its Board of Directors. Beach’s senior Partners have invested in the company alongside Aquiline and will own approximately 15 percent of the company.
“With Grahame Millwater’s leadership, we see opportunity for Beach & Associates to develop and expand in the current market,” says Jeff Greenberg, Chief Executive Officer of Aquiline. “We look forward to working with Grahame and the rest of the senior leadership team.”
