Boost Insurance Holdings, Inc., an infrastructure platform for MGAs, independent brokers, and emerging digital insurance providers, announced in a press release that it has secured a significant equity investment from BHMS Investments, LP. This investment aims to fuel Boost’s growth, product development, and market leadership in the MGA infrastructure space.
Boost offers highly configurable, tech-enabled solutions. These include underwriting, program management, claims administration, diversified ‘A’-rated fronting carrier paper, dedicated reinsurance capacity, and turnkey policy administration technology. Boost’s infrastructure platform, powered by proprietary technology and industry experts, provides a capital-efficient and streamlined solution.
Kevin Angelis, Managing Partner of BHMS, praised Boost’s advanced infrastructure and comprehensive solutions. “Boost’s customers benefit from leveraging its best-in-class technology and expertise, making it the most collaborative and scalable solution in the market,” Angelis said.
Since its first program in 2019, Boost has underwritten approximately $200 billion in coverage, serving a diverse customer base from industry giants like Amwins to emerging leaders like cyber insurance provider Cowbell. The company has maintained a profitable program business portfolio, delivering consistent results for its stakeholders.
BHMS, known for its active investments in insurance distribution, aims to replicate its success with Boost by continuing to invest in valuable technology-enabled solutions. “Having long-term, specialized capital partners like BHMS is essential for Boost to reach its full potential,” said Alex Maffeo, Boost’s Founder & CEO.
In conjunction with the investment, Boost promoted Jeremy Deitch, General Counsel and Head of Compliance, to President and appointed him to the Board of Directors to guide the company through its next growth phase.
Howden Capital Markets & Advisory served as Boost’s exclusive financial advisor and LimeStreet Digital Partners LP advised BHMS on technology matters.
Source: Boost Insurance Secures Major Investment from BHMS.
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