Arcadian Risk Capital, a fast-growing, specialty managing general agent (“MGA”) with operations in Bermuda, Ireland, the United Kingdom, and the United States, announced that it has entered into a strategic partnership (the “Transaction”) with funds managed by Lee Equity Partners, LLC (“Lee Equity”), a growth-oriented, middle-market investment firm specializing in investments in the financial and healthcare services sectors.
Founded by industry veteran John Boylan in 2020, Arcadian has expanded rapidly into a leading, global MGA. The Company underwrites a number of specialty classes of business across general liability, professional liability, and property insurance lines. Arcadian has built an underwriting-centric business, combining strong technical expertise, a disciplined approach to risk selection and intentional portfolio construction to deliver long-term value to its carrier, insured and broker partners.
Lee Equity’s investment will accelerate Arcadian’s continued expansion into new lines of business and geographies. The Company is actively targeting experienced underwriting teams with proven track records underwriting across insurance cycles.
“This marks an important milestone for the Company,” said John Boylan, Founder and CEO of Arcadian. “Lee Equity brings deep sector experience and shares our long-term view of building a disciplined, underwriting-led business. Their investment will allow us to accelerate our growth, expand our platform, continue to attract world-class underwriters, and deepen our relationships.”
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Following the Transaction, Arcadian’s management team and employees will maintain a significant ownership stake in the Company and SiriusPoint, a minority investor in Arcadian, will sell all 49% of its ownership stake. SiriusPoint and Arcadian will maintain a close commercial partnership and the parties will enter into a long-term capacity agreement in connection with the Transaction.
“We continue to build on our partnership with Arcadian through the extension of our capacity agreement and are excited to support the business in its next chapter under respected industry leader John Boylan,” said Scott Egan, Chief Executive Officer at SiriusPoint.
Lee Equity has a long track record of investing in the insurance industry, with successful investments in specialty insurance services companies such as Captive Resources, McLarens, K2 Insurance, Simplicity Group, and Axis Insurance, amongst others.
“John and the Arcadian team have built a unique MGA platform with an impressive track record driven by an exceptional group of underwriters,” said Mark Mauceri, Partner at Lee Equity. “We are excited to partner with John and the Arcadian team for the next stage of Arcadian’s growth and look forward to working together to continue building a world-class, specialty underwriting business.”
The Transaction is expected to close prior to the end of the first quarter of 2026, subject to customary closing conditions, including regulatory approvals.
Oppenheimer & Co. is serving as exclusive financial advisor to Arcadian, with Willkie Farr & Gallagher LLP as legal counsel. Insurance Advisory Partners LLC is serving as exclusive financial advisor and Ropes & Gray LLP as legal counsel to Lee Equity. Jefferies LLC is acting as financial advisor to SiriusPoint, with Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel.
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