Arcadian Risk Capital Partners with Lee Equity for Strategic Growth

Arcadian Risk Capital, a dynamic managing general agent (MGA) known for its rapid expansion, has recently announced a pivotal strategic investment from Lee Equity Partners, a private equity firm focused on growth in the financial and healthcare sectors. This partnership represents a significant step in Arcadian's efforts to broaden its operations and enhance its offerings in the specialty insurance market.

Founded in 2020 by insurance veteran John Boylan, Arcadian has emerged as a leader in the global MGA landscape, boasting a presence in Bermuda, Ireland, the United Kingdom, and the United States. The company specializes in underwriting various classes of insurance, including general liability, professional liability, and property insurance. By utilizing a risk-centric approach and technical expertise, Arcadian has crafted a robust portfolio, aimed at delivering sustainable value to its clients, including carriers, insured parties, and brokers.

The strategic alliance with Lee Equity is expected to accelerate Arcadian's entrance into new business lines and geographic markets. In particular, Arcadian plans to target experienced underwriting teams with proven success across different insurance cycles. "This marks an important milestone for the Company," stated John Boylan, Arcadian's founder and CEO. He emphasized that the backing from Lee Equity brings not only financial resources but also deep sector knowledge, which is crucial for building a disciplined and underwriting-led enterprise.

After the completion of this agreement, Arcadian employees will retain a significant ownership stake in the business, ensuring that the management team remains highly invested in the company's success. Additionally, SiriusPoint, which has held a minority stake in Arcadian, will sell its entire 49% ownership but will continue to maintain a close working relationship with the company under a long-term capacity agreement.

Scott Egan, CEO of SiriusPoint, expressed enthusiasm about the ongoing collaboration, noting that the extension of their capacity agreement will support Arcadian's next phase of growth. This continued partnership underscores the shared vision both companies have in fostering a globally competitive underwriting platform.

Lee Equity's track record in the insurance sector includes successful investments in companies like Captive Resources and McLarens, further strengthening their credibility as strategic partners for Arcadian. Mark Mauceri, a partner at Lee Equity, highlighted the unique MGA platform that Arcadian has built alongside an exceptional team of underwriters. The synergy between the two firms is anticipated to facilitate further advancements in specialty underwriting services.

The transaction is poised to close before the end of the first quarter of 2026, pending regulatory approvals and customary conditions. Oppenheimer & Co. is serving as exclusive financial advisor to Arcadian, while Willkie Farr & Gallagher LLP will act as its legal counsel. On the other hand, Lee Equity has engaged Insurance Advisory Partners LLC for financial advisory services and has enlisted Ropes & Gray LLP for legal support.

In summary, Arcadian Risk Capital's partnership with Lee Equity Partners signals an exciting chapter in the company's journey. As they embark on this strategic investment, the focus will be on innovation, expanding their market reach, and attracting top-tier underwriting talent. With strong backing and a clear vision, Arcadian is well-positioned to enhance its offerings, build strong relationships, and achieve long-term growth in the dynamic landscape of specialty insurance.