Aquiline Capital buys majority stake in Beach & Associates

U.S. private equity firm Aquiline Capital Partners recently purchased a majority equity interest in Beach & Associates Ltd, a specialty reinsurance intermediary based in Toronto. The financial details of the acquisition were not disclosed. Jonathan Beach, the company's founder and chairman, will retain a significant investment stake. Beach's senior partners have invested alongside Aquiline and will own approximately 15 percent of the company. Beach, which was founded in 1988, said the deal will provide it with expertise and capital to strengthen the business.

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