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Emerald Bay Risk Solutions acquires Mainsail Insurance Company to complement and expand tailored insurance solutions

Aug 16, 2024•over 1 year ago

Acquiring Company

Emerald Bay Risk Solutions

Acquired Company

Mainsail Insurance Company

MorristownBeratInsuranceInsurance

Description

Emerald Bay Risk Solutions, a collaborative underwriting carrier, has announced the acquisition of Mainsail Insurance Company. This acquisition will complement and expand Emerald Bay’s tailored insurance solutions, facilitating writing business in the national admitted markets. Mainsail will now become a wholly owned subsidiary of Emerald Bay Specialty Insurance Company, reinforcing Emerald Bay's commitment to delivering quality admitted and surplus lines insurance solutions.

Company Information

Company

Emerald Bay Risk Solutions

Location

Morristown, New Jersey, United States

About

Emerald Bay Risk Solutions is a specialty insurance firm, co-founded by industry veterans Dave Ingrey and Miles Allkins. The company focuses on alignment of interests for all parties and on collaborative underwriting to cultivate trust and mutual accountability. Their emphasis on delivering quality admitted and surplus lines insurance solutions aims to bring optimized program offerings to the reinsurance market.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed