Sands Point Risk, a multi-program managing general agency platform, has acquired Launch Environmental Underwriters, a provider of environmental general liability insurance.
Jersey City, New Jersey-based Launch focuses on complex risks across the energy, infrastructure, construction, chemical, mergers and acquisition, and industrial sectors.
The terms of the transaction were not disclosed.
Stamford, Connecticut-based Sands Point said Launch will serve as the cornerstone of its environmental practice.
Sands Point Risk was itself launched in 2024 to serve the transaction liability insurance sector with the support of private equity firm Avesi Partners.
Dennis Kearns, who founded the transaction risk program at DUAL, is chief executive officer of Sands Point. Dan Simnowitz and Patrick Darragh, who were also part of the DUAL’s transaction program leadership team, are executive vice presidents at Sands Point.
With the addition of Launch, Sands Point said its combined gross written premium (GWP) will exceed $250 million in just two years.
“This transaction not only accelerates that momentum but also underscores Sand Point’s strength and its appeal to complementary organizations and individuals seeking to join our platform,” said Kearns.
Topics
Mergers & Acquisitions
Underwriting
Pollution
New Jersey
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