Reinsurance News
Keystone
Warburg Pincus to acquire a majority stake in insurance broker Keystone
17th July 2025
Keystone, an insurance broker and agency network, announced that growth investor Warburg Pincus, will acquire a majority stake in the company. The private transaction’s financial details were not disclosed. According to the announcement, Bain Capital, which launched Keystone in 2020, will retain a minority ownership in Keystone through a new investment ... Read the full article
Howden Re Japan launches, broker partners with Keystone ILS Capital
3rd July 2024
Howden, a global insurance intermediary group, has entered the Japanese market with the launch of Howden Re Japan, and also announced a new insurance-linked securities (ILS) partnership with Keystone ILS Capital, a boutique consultancy focused on catalysing more active use of ILS in Japan. With Kentaro Tada as Chief Executive ... Read the full article
Keystone Agency to acquire Keystone Insurers Group, strengthening partnership
20th June 2024
Keystone Agency Partners (KAP), an insurance brokerage platform, has signed a definitive agreement to acquire Keystone Insurers Group (Keystone), a premier independent agency network, marking a significant milestone in its strategic growth plan. This acquisition aims to strengthen integration and alignment, enabling KAP to maintain its leadership in a dynamic market ... Read the full article
Keystone names Rhodes new Executive VP of P&C
10th January 2023
Keystone Insurers Group has announced the appointment of Tony Rhodes as its new Executive Vice President of Property & Casualty. Keystone says that in the new role, Rhodes will support the development of P&C opportunities and strategise methods to accommodate growth in all commercial endeavours within the firm. Rhodes most recently served ... Read the full article
Keystone announces NJAA to merge into independent agency network
14th December 2022
Keystone Insurers Group has announced it has entered into a definitive agreement to merge New Jersey Agents Alliance (NJAA) into its nationally ranked network. Terms of the transaction were not disclosed, though Keystone has confirmed NJAA’s 22 members unanimously approved the agreement. Additionally, NJAA Founder and President, Bob Mazey, has accepted ... Read the full article
Keystone Agency Partners announces partnership with Keyes Coverage
13th June 2022
Insurance brokerage platform, Keystone Agency Partners (KAP) has formed a strategic partnership with Keyes Coverage – an independent insurance agency serving both the personal and commercial insurances needs of customers within Florida. Financial terms of the majority stake transaction were not disclosed. Based in Tamarac, Florida, Keyes has been serving the greater ... Read the full article
Keystone appoints Sandeep Gupta as Chief Operating Officer
17th March 2022
Independent insurance agency partnership platform, Keystone Agency Partners has named Sandeep Gupta to the role of Chief Operating Officer, who joins from Liberty Mutual Group where he was Senior Vice President & General Manager of Strategic Partnerships for six years. The new job role will see Gupta working collaboratively with the ... Read the full article
Keystone targets aggressive growth with upsized credit facility
6th January 2022
Keystone Agency Partners, an independent insurance agency partnership platform, has amended and upsized its existing Senior Credit Facility with an expanded syndicate of lenders led by Madison Capital Funding LLC. This adds an additional $160 million to the facility the company closed with Madison Capital for $105 million in May 2021, ... Read the full article
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