Sands Point Risk, an insurance platform focused on supporting managed general underwriter opportunities, has acquired Launch Environmental Underwriters, expanding its platform into the high-growth specialty insurance market.
Launch Environmental Insurance is a professional environmental liability insurance solutions provider focusing on complex risks in the energy, infrastructure, construction, chemical, M&A and industrial sectors.
With this acquisition, Launch Environmental will become a cornerstone of Sands Point’s environmental practice, strengthening its capabilities in an industry where demand continues to grow and complexity increases.
With the addition of Launch Environmental, Sands Point’s gross written premium (GWP) will exceed $250 million.
The acquisition further strengthens Sands Point’s position in the MGA space and reinforces its strategy to expand into high-growth insurance verticals.
In addition to its environmental program, the company is expanding its program scope and market coverage with the launch of new programs in Political Violence and Terrorism (PVT), Aviation, and Directors and Officers (D&O) Liability. Sands Point currently has coverage programs in Representations and Warranties, Tax Liability, Construction and Medical Stop Loss.
The transaction also provides Launch Environmental with the resources to grow within a dynamic organization with shared core values, a strong track record of underwriting performance, market-leading loss ratios and a strong position among retail and wholesale brokers.
