Insurance industry veterans launch new fronting carrier – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password
BERMUDA | RSS PODCAST

Insurance industry veterans launch new fronting carrier

First Prev 1 2 Next Last
Brady Young, CEO of Strategic Risk Solutions, is one of the founders of Concert Group Holdings Inc (Photograph supplied)

Concert Group Holding Inc, a newly formed business dedicated to insurance fronting, has announced that it has secured agreement to raise additional capital from its founders.

One of the founders is Brady Young, founder and chief executive officer of Strategic Risk Solutions, a global independent insurance company manager that has offices in Bermuda.

The other founders of Concert are Wes Duesenberg Jr, CEO of Southern Insurance Underwriters, and Christopher Collins, CEO and founder of Corinthian Re, in partnership with Century Equity Partners and WT Holdings Inc.

Concert will provide access to the US insurance market for both traditional products and alternative risk transfer structures. It offers insurance fronting and related services.

Concert has completed the acquisition of CEM Insurance Company, which will serve as one of the growth platforms for its operations. CEM Insurance Company has been renamed Concert Insurance Company and is a licensed admitted insurer domiciled in Illinois.

Oppenheimer & Co served as exclusive financial adviser to Concert. Morris, Manning & Martin, LLP was legal adviser to Concert, and Foley & Lardner LLP acted as lead counsel to the investors.

Wes Duesenberg, one of the founders of Concert Group Holdings Inc (Photograph supplied)

You must be registered or signed-in to post comment or to vote.

Published June 02, 2021 at 10:00 am (Updated June 02, 2021 at 8:20 am)

Insurance industry veterans launch new fronting carrier

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon