GI Partners, a prominent private investment firm, has announced the launch of a tech-enabled Managing General Agency (MGA) platform in collaboration with seasoned insurance professionals Brad Emmons and Brian Hanuschak. Together, they bring over 50 years of experience in building and scaling insurance businesses.
The new MGA platform aims to acquire and expand a diverse portfolio of MGAs across various coverage lines. Its strategy emphasizes underwriting excellence, technology-driven operations, and a strong service focus for carriers, brokers, and policyholders.
Brad Emmons, who co-founded Orchid Underwriters in 1998, has a proven track record of growth through organic expansion and acquisitions. He recently served as CEO of Forza Insurance Holdings and holds advisory roles in several insurance firms. Emmons expressed enthusiasm about partnering with MGA founders to enhance growth and leverage technology for innovative solutions.
Brian Hanuschak, with over 30 years in insurance leadership, previously served as CEO of Victor Insurance Managers, which became a leading underwriting manager under his guidance. Hanuschak is committed to supporting the next generation of MGA leaders, emphasizing the importance of innovation and culture in achieving success.
The partnership combines GI's operational expertise and successful insurance investments with the leadership of Emmons and Hanuschak. Their goal is to establish a high-performance, tech-enabled MGA platform with a national presence.
Steve Johnson, Director at GI Partners, highlighted the significant opportunities in the MGA market, where specialized underwriting and scalable technology can create differentiation. He noted that they are actively exploring various opportunities, including founder-led firms and corporate carve-outs.
Hoon Cho, Managing Director and Co-Head of Private Equity at GI Partners, reiterated the firm's ambition to build exceptional companies. He looks forward to collaborating with Emmons and Hanuschak to create a world-class MGA platform that delivers value to carrier partners, management, employees, and investors.
Founded in 2001, GI Partners has over 180 employees and offices in major cities worldwide. The firm has raised more than $46 billion in capital, focusing on private equity, real estate, and data infrastructure strategies. Its private equity investments primarily target healthcare, services, and software sectors, while its real estate strategy emphasizes technology and life sciences properties.
Emmons and Hanuschak will serve as Senior Executive Advisors for GI Partners, contributing their expertise to the new MGA platform. For further inquiries about this initiative, interested parties can contact GI Partners directly.
