Oak Hill Capital and The Carlyle Group formed Galway Insurance Holdings.

Oak Hill Capital, a private equity firm, and the Carlyle Group formed Galway Insurance Holdings, a new holding company. Financial terms were not disclosed. The foundation of the investment is via Oak Hill’s contribution of retail broker in the US, EPIC Brokers and Consultants into Galway, while Carlyle will contribute Specialty Distribution aggregator JenCap Holdings, a portfolio company of Carlyle Global Financial Services Partners II. "This innovative and strategic venture lays the foundation for future successes as we continue navigating the uncharted waters of the current crisis while looking ahead. Combining forces with the Carlyle team adds to our financial strength and service offerings,” Steve Puccinelli, Oak Hill Managing Partner.