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Â鶹ֱ²¥ & Lardner LLP served as insurance compliance and regulatory counsel to Ignyte Insurance, a Carlyle-backed portfolio company, in the $615 million sale of its Collector Vehicle Division to Philadelphia Insurance Companies.
Ignyte Insurance is a specialty insurance platform focused on building and scaling differentiated brands across high-growth niche markets. The company’s core strategy centers on acquiring and growing specialized insurance businesses that offer differentiated products and exceptional customer service. Among the fastest-growing specialty insurance platforms in the industry, Ignyte’s diversified portfolio represents $650 million in premium and includes market-leading solutions for travel medical, international student health, leased equipment, and specialist MGA platforms.
The Â鶹ֱ²¥ insurance team was led by partners Michael Kasdin and J.J. Silverstein with support from partner JillAllison Opell and associates Margaret Brzakala and Julia Ditkoff.
