Drinker Biddle’s Corporate and Securities Practice Group represented Wellington Insurance Group in a transaction involving the sale of a majority ownership interest to Aquiline Capital Partners. Key members of the Wellington management team will be rolling over a portion of their equity investment and will continue to operate the business going forward.
Wellington is a Texas-based risk distribution business specializing in the delivery and administration of residential property insurance. Wellington operates a managing general agent (MGA), along with claims servicing and premium finance subsidiaries.
Aquiline is a private equity investment firm based in New York and has made several investments in the insurance sector.