HDI Global Specialty Purchases Control of Falcon Risk Holdings in Transaction with Founding Partner Griffin Highline Capital
Griffin Highline Capital LLC ("Griffin Highline") is pleased to announce that HDI Global Specialty ("HDI") has completed the purchase of the Griffin Highline ownership interest in Falcon Risk Holdings LLC ("Falcon" or the "Company"). Falcon was founded in 2021 by CEO Craig Landi, Griffin Highline and HDI. HDI also provides insurance underwriting capacity to Falcon. Since inception, Falcon has launched over 15 unique products and built a talented team of underwriters with expertise in management liability, professional liability and cyber liability insurance.
January 10, 2024
DALLAS, Texas — Griffin Highline Capital LLC ("Griffin Highline") is pleased to announce that HDI Global Specialty ("HDI") has completed the purchase of the Griffin Highline ownership interest in Falcon Risk Holdings LLC ("Falcon" or the "Company"). Falcon was founded in 2021 by CEO Craig Landi, Griffin Highline and HDI. HDI also provides insurance underwriting capacity to Falcon. Since inception, Falcon has launched over 15 unique products and built a talented team of underwriters with expertise in management liability, professional liability and cyber liability insurance.
"We have been delighted to partner with Craig Landi and HDI to build Falcon. We are proud of the team, its expertise and its strong underwriting discipline. Falcon is well positioned to continue its strong performance as a HDI platform, and we look forward to our continued partnership with HDI," says Michael Doak, Managing Partner of Griffin Highline.
About Falcon Risk Holdings:
Falcon is a managing general agency, focused on underwriting and claims management of financial, professional, and cyber lines of business throughout the US.
About Griffin Highline Capital:
Griffin Highline is a holding company that invests in and actively manages insurance operating businesses and investments.
Orange Insurance Exchange Announces Launch and Entry into the Florida Property Insurance Market
Orange Insurance Exchange ("Orange"), a reciprocal insurer, is pleased to announce its formation and launch in the Florida property insurance market. Orange is led by CEO Don Matz, an insurance industry veteran who was previously the CEO of Producer's National Corporation and the President of Tower Hill Insurance Group, where he spent two decades developing deep expertise in coastal property insurance underwriting. Orange has received its Certificate of Authority from the Florida Office of Insurance Regulation and enters the Florida insurance market with the mission of providing a new alternative for property insurance policyholders.
November 1, 2023
Led by Industry Veteran Don Matz and Backed by Griffin Highline Capital
GAINESVILLE, Fla. — Orange Insurance Exchange ("Orange"), a reciprocal insurer, is pleased to announce its formation and launch in the Florida property insurance market. Orange is led by CEO Don Matz, an insurance industry veteran who was previously the CEO of Producer's National Corporation and the President of Tower Hill Insurance Group, where he spent two decades developing deep expertise in coastal property insurance underwriting. Orange has received its Certificate of Authority from the Florida Office of Insurance Regulation and enters the Florida insurance market with the mission of providing a new alternative for property insurance policyholders.
The formation of Orange follows a challenging period of increased loss activity and excessive litigation in Florida, which created a severely dislocated insurance marketplace. Responsible Florida policyholders have suffered as a result. Following reforms enacted by the State of Florida, Orange seeks to provide new insurance coverage options to policyholders, managed by industry-leading talent.
Orange will be supported by its attorney-in-fact, Orange Insurance Managers, and affiliated managing general agency and claims services companies, Inness Insurance Managers and Inness Claims Services. This group of companies will provide marketing, underwriting, policy administration and claims handling services to Orange. Orange and its affiliates were founded by majority investor Griffin Highline Capital ("Griffin Highline") in collaboration with strategic partner Cabrillo Coastal General Agency and its CEO Michael McNitt.
"The Florida market is currently underserved, and we can meet that need at Orange. The combination of our veteran team and our partnership with Griffin Highline provides a strong foundation. We are excited for the road ahead," said Don Matz, CEO of Orange.
"We are eager to bring alternative property insurance options to Florida. We believe there is a compelling opportunity for a new market entrant and are delighted to work with Don and Michael— both of whom we have admired for decades—once again," said Michael Doak, Managing Partner of Griffin Highline.
Willkie Farr & Gallagher LLP and Meenan P.A. provided legal advice.
About Orange
Orange is a Florida-based reciprocal exchange providing property insurance coverage. Additional information is available at www.orangeinsure.com.
About Griffin Highline
Griffin Highline is a Dallas-based specialty insurance holding company that actively manages insurance operating businesses. Additional information is available at www.griffinhighline.com.
TWFG Appoints Michael Doak to its Board of Managers
The Woodlands Financial Group (“TWFG”) is pleased to announce the appointment of Michael Doak, CEO and Managing Partner of Griffin Highline Capital LLC (“Griffin Highline”), to its Board of Managers. In 2020, Mr. Doak founded Griffin Highline, a holding company that invests in and actively manages insurance operating businesses. Prior to founding Griffin Highline, Mr. Doak served in various leadership roles at entities associated with RenaissanceRe, a global provider of reinsurance and insurance services, since June 2010, most recently as President of RenaissanceRe Ventures U.S. LLC and the portfolio manager of the direct investments equity portfolio. Mr. Doak also previously served as a member of the TWFG Board of Managers from March 2018 until September 2020.
June 19, 2023
THE WOODLANDS, TX – The Woodlands Financial Group (“TWFG”) is pleased to announce the appointment of Michael Doak, CEO and Managing Partner of Griffin Highline Capital LLC (“Griffin Highline”), to its Board of Managers. In 2020, Mr. Doak founded Griffin Highline, a holding company that invests in and actively manages insurance operating businesses. Prior to founding Griffin Highline, Mr. Doak served in various leadership roles at entities associated with RenaissanceRe, a global provider of reinsurance and insurance services, since June 2010, most recently as President of RenaissanceRe Ventures U.S. LLC and the portfolio manager of the direct investments equity portfolio. Mr. Doak also previously served as a member of the TWFG Board of Managers from March 2018 until September 2020.
“I am delighted to rejoin the TWFG board and continue our longstanding relationship with TWFG and its founder, Gordy Bunch,” Doak said in a statement.
About The Woodlands Financial Group
The Woodlands Financial Group is a nationally recognized insurance company based in The Woodlands, TX. Since its founding in 2001, TWFG has rapidly grown into the number one privately owned insurance agency in Texas and Louisiana, and tenth in the nation for personal lines, operating storefronts in 37 states. With 425 TWFG branches and over 1,800 independent agents, TWFG Insurance provides its clients across the country with trusted access to insurance with a high standard of customer care. Rankings provided by Insurance Journal.
For additional information, please visit: https://twfg.com/
About Griffin Highline Capital LLC
Griffin Highline is a holding company that invests in and actively manages insurance operating businesses. Its strategy focuses on allocating capital to specialized, niche insurance-related businesses with a long-term, compounding approach as an industry partner.
For additional information, please visit: www.griffinhighline.com
Griffin Highline, HDI Global Specialty and Craig Landi Launch Falcon Risk Holdings
Griffin Highline Capital LLC (“Griffin Highline”), HDI Global Specialty SE (“HDI”) and Craig Landi are pleased to announce the formation of Falcon Risk Holdings LLC (“Falcon” or the “Company”). Falcon is a managing general agency, initially focused on underwriting and claims management of financial and cyber lines of insurance business throughout the US. Alongside Griffin Highline and HDI, the Company is co-founded and led by Chief Executive Officer, Craig Landi, an industry veteran with over three decades of underwriting experience. Landi brings a strong track record of underwriting results, insurance industry expertise and demonstrated leadership.
June 8, 2021
DALLAS, Texas & SUMMIT, N.J. & HANOVER, Germany – Griffin Highline Capital LLC (“Griffin Highline”), HDI Global Specialty SE (“HDI”) and Craig Landi are pleased to announce the formation of Falcon Risk Holdings LLC (“Falcon” or the “Company”). Falcon is a managing general agency, initially focused on underwriting and claims management of financial and cyber lines of insurance business throughout the US. Alongside Griffin Highline and HDI, the Company is co-founded and led by Chief Executive Officer, Craig Landi, an industry veteran with over three decades of underwriting experience. Landi brings a strong track record of underwriting results, insurance industry expertise and demonstrated leadership.
“We have a great opportunity to provide a new and compelling offering to the US market through this MGA partnership with Griffin Highline. We wish Craig and the rest of the Falcon team well in their endeavors.”
Falcon will provide a full suite of insurance services. The Company will utilize an analytical approach to underwriting and claims management, while leveraging its deep, longstanding broker relationships to nationally distribute its management, professional and cyber liability product portfolio. HDI Global Specialty, together with its US affiliates, will support Falcon with strong underwriting capacity and an S&P A+ Rating (Stable Outlook) and A.M. Best A Rating (Stable Outlook).
“I am excited to partner with Griffin Highline and HDI to create a leading financial lines underwriter and claims management company. Together, we are committed to supporting the growth of Falcon and building a best-in-class team,” noted Craig Landi, CEO of Falcon.
Ralph Beutter, CEO of HDI Global Specialty SE, added, “We have a great opportunity to provide a new and compelling offering to the US market through this MGA partnership with Griffin Highline. We wish Craig and the rest of the Falcon team well in their endeavors.”
About Griffin Highline Capital LLC
Griffin Highline is a holding company that invests in and actively manages insurance operating businesses. Its strategy focuses on allocating capital to specialized, niche insurance-related businesses with a long-term, compounding approach as an industry partner.
For additional information, please visit: www.griffinhighline.com
About HDI Global Specialty SE
HDI Global Specialty SE is a joint venture of Hannover Re and HDI Global SE, both strong and established players in the insurance and reinsurance market. HDI Global Specialty SE, leveraging the specialty activities of the Talanx Group, is an excellent platform with cross-business segment expertise. Its focus is on writing agency and specialty insurance business in lines including errors & omissions liability insurance, directors’ and officers’ liability insurance (D&O), legal expenses insurance, sports and entertainment, aviation, offshore energy and animal insurance.
For additional information, please visit: www.hdi-specialty.com
RenaissanceRe Announces Michael Doak Departing to Start New Private Investment Firm
RenaissanceRe Holdings Ltd. (NYSE: RNR) (the “Company” or “RenaissanceRe”) announced today that Michael Doak, Senior Vice President and Portfolio Manager for the Company’s strategic investment portfolio, will be departing to launch Griffin Highline Capital, a new private investment firm focused on the insurance industry.