Bain Capital Insurance, the dedicated insurance investing unit of Bain Capital, agreed to invest in Emerald Bay Risk Solutions, a collaborative underwriting carrier. Financial terms were not disclosed. "Dave, Miles, and the entire Emerald Bay team bring a complementary blend of deep experience, strong relationships, and a diverse range of skills to quickly scale a value-added and partnership-centric model. We’re thrilled to support Emerald Bay and believe that this is an excellent time for a proven management team with a differentiated operating approach to address the market demand for more consistent underwriting performance," Matt Popoli, Bain Capital Insurance Global Head.