CAC Specialty to offer short-term finance to clients affected by COVID-19

Specialty insurance brokerage and investment banking business CAC Specialty has formed a strategic partnership with funds managed by affiliates of Fortress Investment Group to offer short-term financing to its clients facing liquidity pressure due to the direct and indirect impact of COVID-19.

The offering aims to support the capital needs of its clients in connection with acquisitions, recapitalisations, 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.”