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Synopsis
The Vistria Group, a private equity firm, completed the acquisition of Lumen, an insurance solutions provider. Financial terms were not disclosed. "A key part of Vistria's Financial Services strategy is focused on partnering in essential, regulated markets where expertise and infrastructure drive performance and this investment reflects several years of work around the evolution of the specialty MGA market. We believe specialty MGAs are increasingly well-positioned as carriers seek focused underwriting partners with data-driven infrastructure and strong distribution relationships, and Lumen exemplifies that model," Boris Rapoport, The Vistria Group Senior Partner and Co-Head of Financial Services.
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