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Milestone Capitalizes Specialty Insurance Holding Company
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RADNOR, Pa., Jan. 19, 2021 /PRNewswire/ Milestone Partners is pleased to announce that on December 31, 2020 it formed specialty insurance holding company, Insure Homes Holdings LLC ( Insure Homes ), which invested in the recapitalization of Cypress Group Holdings, Inc. ( Cypress ) as well as affiliated insurance service technology companies, and agreed to acquire control of Cypress upon the approval for the change of control by the domestic regulator of each insurance company subsidiary.
Cypress is a holding company that owns managing general agent and insurance carrier subsidiaries, which have served homeowners throughout the Southeast and Gulf Coast since its formation in 1998. Leveraging over two decades of data to generate stable recurring revenues through over 1000 independent agent partners, Cypress operates an asset light model with superior returns on equ