Private equity firm Preservation Capital Partners has made a strategic investment in construction-focused MGA Cove Programs. Last year, Preservation Capital acquired an interest in Ascent Underwriting, a cyber and specialty lines MGA.
The business will manage in excess of $200 million in gross written premium, making it one of the largest independently owned emerging risk and specialty lines MGAs. Ascent and Cove will continue to operate under their respective brands. However, senior management will work together.
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