GI Partners Introduces a Game-Changing MGA Platform
GI Partners, a renowned private investment firm, is embarking on an exciting journey by launching a tech-enabled Managing General Agency (MGA) platform. This initiative is a collaboration with notable insurance industry professionals, Brad Emmons and Brian Hanuschak, who together have amassed over fifty years of deep-seated experience in building and scaling successful insurance businesses.
Growth Focus and Diverse Portfolio
The fresh MGA platform aims to acquire and develop a varied portfolio of MGAs encompassing multiple lines of coverage. The core strategy revolves around maintaining excellence in underwriting, implementing technology-enhanced operations, and providing superior service to carriers, brokers, and policyholders alike.
Leadership Background: Brad Emmons
Brad Emmons co-founded Orchid Underwriters in 1998, successfully growing the company through organic expansion, acquisitions, and several private equity recapitalizations before its notable sale to Brown & Brown (NYSE: BRO) in 2022. His recent role as CEO of Forza Insurance Holdings, a property reciprocal, and his position as an independent board member for several prominent insurance service firms showcase his extensive influence in the field.
Another Visionary: Brian Hanuschak
Brian Hanuschak boasts over thirty years of proven leadership in the insurance sector, marked by his successful tenure as CEO of Victor Insurance Managers, a subsidiary of Marsh & McLennan (NYSE: MMC). Under his guidance, Victor emerged as one of the world's largest underwriting managers, managing more than $3 billion in annual premium.
A Partnerships Built for Success
Leveraging GI's robust operational expertise and successful insurance investments, such as Insurity and Patriot Growth Insurance Services, the formidable leadership of Emmons and Hanuschak positions this platform to succeed. Their vision is to craft a high-performance, tech-enabled MGA platform with a reach that spans across the nation.
The MGA Market: Opportunities Ahead
“We see significant opportunity in the MGA market, where specialized underwriting and scalable technology create genuine differentiation,” shares Steve Johnson, Director at GI Partners. “We’ve been actively exploring opportunities across the MGA landscape, ranging from founder-driven firms to corporate carve-outs and sponsor-supported businesses. Brad and Brian are ideally suited to help us identify, partner with, and scale leading MGAs.”
Building a World-Class MGA Platform
Hoon Cho, Managing Director and Co-Head of Private Equity at GI Partners, emphasizes the firm’s ambition, stating, “This launch represents our commitment to building exceptional companies. We are eager to collaborate with Brad and Brian to construct a world-class MGA platform that generates substantial value for our carrier partners, management teams, employees, and investors.”
About GI Partners
Founded in 2001, GI Partners is a dynamic private investment firm based in the United States, with a team of over 180 employees spread across major cities. The firm has successfully raised more than $46 billion in capital, investing on behalf of leading institutional investors globally. With a focus on private equity, real estate, and data infrastructure strategies, GI Partners primarily invests in sectors including healthcare, services, and software. Notably, their real estate strategy emphasizes technology and life sciences properties, as well as other specialized real estate types.
Frequently Asked Questions
What is the main goal of GI Partners' new MGA platform?
The goal is to acquire and grow a diversified portfolio of MGAs, focusing on excellence in underwriting and technology-driven operations.
Who are the key leaders behind this new initiative?
Brad Emmons and Brian Hanuschak, both with extensive experience in the insurance industry, are leading this endeavor.
What prior experience do Brad Emmons and Brian Hanuschak have?
Emmons co-founded Orchid Underwriters and served as CEO of Forza Insurance, while Hanuschak led Victor Insurance Managers as CEO.
How does GI Partners plan to differentiate its MGA platform?
The platform will leverage advanced technology, specialized underwriting, and a strong service orientation to stand out in the market.
What sectors does GI Partners focus on for their investments?
GI Partners primarily invests in healthcare, services, software, technology, and life sciences properties, among other sectors.
