Aquiline acquires Beach & Associates

Private equity firm Aquiline Capital Partners has acquired Beach & Associates, a reinsurance intermediary.

The company’s founder and chairman, Jonathan Beach, will retain a significant investment in the firm and remain on its board of directors. Beach’s senior partners have invested in the company alongside Aquiline and will own approximately 15 percent of the company.

“The Aquiline team shares our vision for the company and we look forward to leveraging their insurance expertise and capital investment to strengthen our business,” said Grahame Millwater, chief executive officer (CEO) of Beach & Associates. “This investment will allow us to continue our model of serving our clients with a team-oriented and forward-looking approach.”

“With Grahame Millwater’s leadership, we see opportunity for Beach & Associates to develop and expand in the current market,” said Jeff Greenberg, CEO of Aquiline. “We look forward to working with Grahame and the rest of the senior leadership team.”