Velocity buys majority stake in builder’s risk MGA Insight Risk
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Velocity buys majority stake in builder’s risk MGA Insight Risk

Jairo Ibarra
September 28, 2023
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Oaktree Capital-backed Velocity has struck a deal to buy a majority stake in the builder’s risk MGA Insight Risk.

Terms of the transaction, effective September 18, were not disclosed.

The transaction marks Velocity’s first MGA acquisition and its second transaction after Nephila sold the cat-focused underwriter to Oaktree in late 2021 for over $107mn.

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Topics

News M&A MGAs/MGUs
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Jairo Ibarra
Senior Reporter
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