Jersey City-based Sands Point Risk has acquired Launch Environmental Underwriters, a leading provider of environmental general liability insurance solutions for complex risks across the energy, infrastructure, construction, chemical, M&A, and industrial sectors.
The transaction is the largest acquisition in Sands Point’s history and a significant step forward in the company’s strategy to build a diversified, high-performing MGA platform, according to a release.
The terms of the transaction were not disclosed.
Launch Environmental will serve as the cornerstone of Sands Point’s environmental practice, enhancing its capabilities in a sector experiencing sustained demand and increasing complexity.
With the addition of Launch Environmental,
Sands Point’s combined gross written premium now exceeds $250 million, underscoring the firm’s rapid growth and increasing scale in the MGA market.
The acquisition further strengthens Sands Point’s position as an emerging leader in the MGA space and reinforces its commitment to strategic expansion into high-growth insurance verticals, according to the company.
In addition to the environmental program, Sands Point Risk is launching programs in Political Violence and Terrorism (PVT), Aviation, and Directors and Officers (D&O) liability, broadening its program offerings and market reach.
Sands Point currently has underwriting programs in the Representations & Warranties, Tax Liability, Construction, and Medical Stop-Loss insurance spaces.
In July, Sands Point Risk acquired BRM Specialty Products.
