Bamboo Insurance is a technology-driven managing general agency that writes homeowners coverage in wildfire-exposed parts of California and, more recently, Texas. The company is headquartered in Midvale, Utah, and built its underwriting model around data and automation instead of legacy paperwork. CVC Capital Partners took a majority stake in the business in December 2025, giving it fresh backing to keep expanding beyond its original California base.
Website: bambooinsurance.com
Head office address: 7050 S. Union Park Center, Suite 650, Midvale, UT 84047
Founded: 2018, by insurance executive John Chu
Company type: managing general agency (MGA); majority-owned by CVC Capital Partners, with White Mountains Insurance Group (NYSE: WTM) holding a minority stake
Business focus: homeowners, condo, landlord, and renters insurance, placed through admitted and surplus lines carrier partners
Regions served: California and Texas
John Chu, a longtime insurance executive, founded the company in 2018 to sell homeowners insurance in California markets that many traditional carriers had pulled back from. The MGA grew quickly by combining a technology-enabled underwriting platform with a disciplined approach to risk selection. Key milestones include:
Ownership has changed hands since Bamboo Insurance was founded, but its underwriting platform and management team have stayed in place through each transition. CVC’s backing now gives the firm capital to keep pushing its underwriting-first model into new states.
Bamboo works with a network of admitted and surplus lines carriers to offer several lines of residential property coverage. Its core products include:
The insurer’s underwriting-first approach means every policy runs through its own risk models before it reaches a carrier partner, rather than being written on standard rating tables alone.
Bamboo operates as an MGA, meaning it underwrites and manages policies on behalf of carrier and reinsurance partners rather than holding the risk itself. That structure lets it move faster than a traditional insurer while still relying on rated carriers for claims-paying capacity. The company has built much of its business in California’s wildfire-exposed regions, where limited carrier appetite has pushed many homeowners toward surplus lines coverage.
In July 2026, Bamboo Insurance launched a partnership with MS Transverse Insurance Company that added about $150 million in admitted homeowners and dwelling fire capacity across California, including in Los Angeles, San Diego, and San Francisco. The deal gave agents more admitted options in markets where coverage has been hard to place. Bamboo’s long-term direction centers on expanding its admitted footprint state by state while keeping its underwriting-first model intact.
Bamboo Insurance was named to Insurance Business America’s Top Insurance Employers list for 2024, based on employee survey results covering pay, benefits, and workplace culture. For a look at other recent honorees, check out IB US’ Best in Insurance page.
The company has also appeared on Inc.’s 5000 list of the fastest-growing private companies in the US multiple years running, posting 903% three-year revenue growth to land at No. 455 on the 2025 list. Bamboo Insurance was also named a USA Today Top Workplace in 2026.
These recognitions point to Bamboo’s growth trajectory as much as its workplace culture, and both have tracked its expansion from a single-state MGA into a multi-state homeowners insurer.
The partnership adds to a wave of capacity moves following the state's Sustainable Insurance Strategy reforms
The addition of a new competitor could help ease market pressure
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Insurer partners with "insurtech-focused" program administrator
