Reinsurance News

CAC Specialty, Fortress equipped to provide financing amid COVID-19

20th March 2020 - Author: Charlie Wood

Specialty insurance broker and investment banking platform CAC Specialty says it is equipped to provide financing for CAC clients facing liquidity pressure due to the direct and indirect impact from COVID-19, thanks to a previously-announced partnership with Fortress.

CAC SpecialtyThe partnership with Fortress, which previously provided financing for the formation of CAC Specialty, was set up to support the capital needs of clients in connection with acquisitions, recapitalizations, growth capital and other bespoke financing transactions.

“During this challenging time, we are confident in our ability to help our clients solve problems,” said Bruce Denson Jr., president of CAC Specialty and Cobbs Allen.

“Our relationship with Fortress gives us significant tools to help our clients weather this storm.”

The financing and strategic relationship with Fortress was led by Jack Leventhal and Vince Mutolo, both Senior Managing Directors with CAC Specialty.

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