Upland Capital Group has become the latest specialty insurance business in the marketplace.
The Dallas-based operation plans to offer a diversified portfolio of excess and surplus lines casualty, property, and specialty insurance products, with an initial focus on excess casualty products distributed through select wholesale brokers. Its founders are veterans of Hallmark Financial Services and Narraganset Bay Insurance Company.
Upland is backed by an equity investment of up to $200 million from Newlight Partners, a growth equity investor, with the company’s executive management team providing additional capital, according to the announcement. Plans call for using the initial financing to support Upland’s build-out and growth plans.
Upland’s founding executives:
“From top to bottom, we have assembled a highly experienced, accomplished team of talented executives at Upland Capital Group,” Hart said in prepared remarks. “Key to success is that our core executive group have all worked together, developed relationships built on trust and mutual respect and bring complementary skill sets. We intend to build a company based on our core values of culture, service and support, combined with modern problem-solving to provide solutions to our customer’s specialty insurance needs and requirements.”
Upland was founded in 2020.
Source: Upland Capital Group