MultiStrat Group Acquires Annapolis Consulting
Multi-Strat Holdings Ltd. announced the acquisition of the entire business assets of the Annapolis Consulting Group LLC [ACG], an international consultancy business providing reinsurance and finality solutions for captives and corporate self-insureds.
ACG is a Maryland-domiciled company with offices in Annapolis, MD, Greenville, SC, and Hamilton, Bermuda. As part of the transaction, MultiStrat Group is also acquiring ACG Brokerage [Bermuda] Ltd. [ACGBB], subject to regulatory approval.
ACG specializes in the resolution of costly legacy claims and captive run-offs. The combination of ACG’s expertise and MultiStrat Re’s underwriting and capital capacity will provide captives, corporate self-insureds and other insurance companies with liquidity, growth, collateral relief and closure solutions for a wide variety of prospective and legacy claims portfolios.
Bob Forness, MultiStrat Re’s CEO, commented “MultiStrat is excited to welcome the ACG team to our group of specialty reinsurance and advisory services companies. ACG’s expertise, knowledge and relationships will be essential to MultiStrat Group’s design and delivery of cost effective risk protection, capacity and legacy solutions for the captive market. ACG will be MultiStrat’s first US-based business, and the addition of ACG’s legal, claims, auditing and runoff acumen will add significantly to our overall capabilities.”
“ACG has a strong history of providing responsive and innovative solutions to what are often complex reinsurance challenges. Teaming with MultiStrat will provide ACG with access to tools that will multiply our effectiveness,” observed Sean Logan, CEO of Annapolis Consulting Group, Inc. Jeremy Brasier of RFIB Bermuda served as a consultant to ACG in respect of the reinsurance aspects of the transaction.
