Clear Blue

Vesttoo commits to deploy $1bn in reinsurance capacity to Clear Blue portfolio

Risk transfer platform Vesttoo has partnered with Clear Blue to deploy $1bn in collateralised capacity to the fronting carrier’s P&C portfolio over the next year in a deal that provides capital markets investors access to diversified risks and MGAs additional reinsurance capacity, Program Manager can reveal.

Clear Blue pulls sales process as PE bids fall short of expectations

Clear Blue and its majority owner Pine Brook have cancelled the Evercore-run sales process for the hybrid fronting carrier after final bids from private equity firms didn’t match expectations based on its growth trajectory, The Insurer can reveal.

Clear Blue narrowing down bids in Evercore-run sale process

Clear Blue is narrowing down bidders after receiving strong interest in the first round of its Evercore-run sale process at a time when the hybrid fronting carrier’s full-year growth is likely to have been bolstered by recent major program wins, including dealers’ open lot specialist Risk Point, The Insurer can reveal.

Clear Blue preparing for potential sale

Fast-growing fronting specialist Clear Blue is understood to have been talking to investment banks including Evercore and Piper Sandler as it prepares for a sale process that could see a valuation as high as $640mn as current owner Pine Brook looks to cash out of the business, The Insurer can reveal.

Clear Blue gets A- rating for new Highlander Specialty E&S platform

Program fronting specialist Clear Blue has secured an A- rating from AM Best for its newly minted E&S subsidiary Highlander Specialty Insurance Company.

Clear Blue launches new E&S carrier Highlander Specialty

Pine Brook-backed fronting specialist Clear Blue has added a second non-admitted insurer to its stable and reorganized its subsidiaries into a stacking structure to share pooled capital as it looks to offer differentiated products and programs across multiple carriers, The Insurer understands.

Clear Blue not for sale despite approaches

Pine Brook is not looking for an imminent exit from Clear Blue despite speculation about a number of recent approaches for the fast-growing fronting specialist, The Insurer can reveal.