Shareholders of Concert Group Holdings, Inc., a specialty insurance holding company known for providing customized solutions to the plan insurance market, have agreed to allow founding shareholder Freedom Underwriters LLC (Freedom) to purchase all outstanding shares of current shareholders WT Holdings, Inc. (WT) and Century Focused Fund IV, LLC (Century).
The transaction is subject to relevant regulatory approvals and is expected to close in the first half of 2026, resulting in changes to ownership and governance caps.
Charles Slatery, Concert Chairman, commented: “We are encouraged and inspired by Freedom’s confidence in Concert’s future as a leader in cutting-edge areas. In our discussions with Freedom, it was clear that they have full confidence in our management team and the growth strategy Concert is executing on.”
Following the proposed acquisition, Freedom, with the support of its original investors and Gryphon Holdings, LLC (Gryphon), a company funded by affiliate Phoenix Merchant Partners, appointed Erin Brennan Bagley to its board of directors.
She replaces founding director Brady Young, who has resigned but will remain affiliated with Concert through Freedom.
Bagley has more than two decades of experience in the insurance industry, including as an insurance executive, consultant and board director. She has deep expertise in specialty P&C operations, regulatory environment, strategy, capital management and corporate governance.
Most recently, Bagley served as chief legal officer at Coaction Specialty, where he led the legal, internal audit and claims functions. Prior to that, she spent several years as General Counsel at Coverys, where she led many aspects of Coverys’ expansion in the US and UK.
This year has been particularly successful for Concert as it built a broadly diversified business, strengthened its management and administration team and achieved record premium growth. In August 2025, Sam LaDuca, the company’s former chief actuary, succeeded John Hendrickson as CEO.
Young added, “Erin’s expertise working with insurance company boards as an advisor and director, as well as her extensive transactional experience, make her an excellent representative for Freedom as the company goes through this process.”
Slatery said: “Join Brady, I have noticed the tremendous strengths that Erin brings to the board. Her industry and governance experience is an excellent complement to the other skills on the board. I would like to express my sincere gratitude to Brady, and John, who is also stepping down from the board, for all they have done to put the Concert on a successful track. We wish them all the best in their future endeavors.”
LaDuca concluded: “Concert is making exciting progress. It’s always gratifying to see the trust you have in a company and its team reflected through its ownership. We have enjoyed that trust over the past four years and are grateful to all three founding shareholders for their stewardship of us.”
“With Freedom’s acquisition of all outstanding shares, we transition into a single partnership focused on realizing our potential. On behalf of the executive team, I would like to thank Freedom for its continued trust in us and in our ability to deliver exceptional results.”
