Prior Investments

ACE Limited is a Bermuda-based insurer.  Stone Point Capital, through its predecessor operations, co-sponsored the formation of ACE in 1985 in response to the severe shortage of liability underwriting capacity during the mid-1980’s.  ACE initially provided high-level excess liability insurance and directors’ and officers’ liability insurance primarily for commercial and industrial enterprises.  The company has since expanded into most other lines of property and casualty insurance and had a market capitalization in excess of $19 billion as of January 2007.

XL Capital Ltd. is a Bermuda-based insurer.  Stone Point Capital, through its predecessor operations, co-sponsored the formation of XL in 1986 in response to the severe shortage of liability underwriting capacity during the mid-1980’s.  XL initially provided excess liability insurance and directors’ and officers’ liability insurance primarily for commercial and industrial enterprises.  The company has since expanded into most other lines of property and casualty insurance and had a market capitalization in excess of $12 billion as of January 2007.

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Mid Ocean Limited was a Bermuda-based company.  Stone Point Capital, through its predecessor operations, co-sponsored the formation of Mid Ocean Limited in 1992 in response to a severe shortage of reinsurance capacity in the property catastrophe market in the early 1990’s.  Mid Ocean was the first of several property catastrophe reinsurers formed in response to the market dislocation in the early 1990’s.  Mid Ocean was ultimately purchased by XL Capital Ltd. In 1998 for approximately $2.9 billion.

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Hiscox PLC was established in 1993 to provide corporate capacity to syndicates managed by the Hiscox Agency, one of Lloyd’s largest managing agencies, with approximately £360 million of capacity under management. The Hiscox Agency established a franchise in the insurance of fine arts, private planes, yachts, vintage automobiles, high value homes and professional indemnity.

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Venton was a Bermuda-based holding company established by Trident I in November 1994 to acquire an ownership interest in the Venton Underwriting Agency at Lloyds.  Venton’s underwriting activity targeted international property and casualty reinsurance, traditional marine lines of business, war and energy risks, financial institutions and professional indemnity business.

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Travelers was the fourth largest property and casualty insurance company in the United States at the time of Trident I’s investment, with substantial operations in both commercial and personal lines insurance. 

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Seneca Insurance Company, Inc. is a commercial lines insurer focusing on “main street” property and casualty business, bail bonds, inland marine, boiler and machinery, workers’ compensation and environmental coverage. 

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Sedgwick CMS Holdings, Inc. is a third party administrator based in Memphis, Tennessee that provides claims management services to self-insured corporations or institutions that outsource the claims management portion of their workers’ compensation, employee disability or general liability exposures.

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Vertafore, Inc. (f/k/a AMS Services, Inc.) is a leading vendor of management systems for independent agents and brokers in the property and casualty industry.  The company also provides comparative rating software to independent agents, policy administration software to insurance carriers, and reference information for the property and casualty industry.

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MetLife, Inc. is a leading provider of individual insurance, annuities and investment products, as well as group insurance and retirement and savings products to individual and institutional customers.

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Arch Capital Group Limited is a Bermuda-based insurance and reinsurance company that writes specialty lines of insurance and reinsurance on a global basis through operations in Bermuda and the United States.  Arch Capital is the successor to Risk Capital Holdings, which was established in 1995 by Trident I.

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CompWest Insurance Company is a workers' compensation insurer that was created in September 2004 in response to a shortage of workers' compensation insurance in California. The company targets small and medium sized employers in low- to mid-hazard classes of business. CompWest was sold to the Accident Fund of America in November 2007.

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James River Group, Inc. is an insurance holding company that primarily owns and manages specialty property/casualty insurance companies with the objective of consistently earning underwriting profits. Each of the Company's two insurance company subsidiaries is rated "A-" (Excellent) by A.M. Best Company. Founded in September 2002, the Company wrote its first policy in July 2003 and currently underwrites in two specialty areas: excess and surplus lines in 48 states, the U.S. Virgin Islands and the District of Columbia; and workers' compensation, primarily for the residential construction industry in North Carolina and, in 2007, Virginia.

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