Late last week, Concert Group Holdings, Inc. (“Concert”), announced that its shareholders have entered into an agreement for founding shareholder Freedom Underwriters LLC (“Freedom”) to purchase all outstanding shares from current shareholders WT Holdings, Inc. and Century Focused Fund IV, LLC.

Subject to the relevant regulatory approvals, the transaction is expected to close during the first half of 2026.

Concert Group Holdings, Inc. is a privately owned insurance holding company, which, through its wholly owned subsidiaries, Concert Insurance Company and Concert Specialty Insurance Company, offers insurance fronting and related services in the United States

The media announcement about the change in ownership and governance highlighted accomplishments and other changes during the year, which included building a broadly diversified book of business, bolstering management and administrative teams, and achieving record premium growth.

In August, Sam LaDuca, who was chief actuary, succeeded John Hendrickson as chief executive officer.

“We are encouraged and heartened by Freedom’s belief in Concert’s future as a leader in the fronting sector,” said Concert Chair Charles Slatery, in the media statement. “Throughout our discussions with Freedom, it’s been clear that they have complete confidence in our management team and in the strategy for growth that Concert is executing.”

In conjunction with the proposed acquisition, Freedom, backed by its original investors and Gryphon Holdings, LLC (“Gryphon”), a company financed by affiliate Phoenix Merchant Partners, has appointed accomplished insurance executive Erin Brennan Bagley to the board in place of founding Director Brady Young who has stepped down, but will continue to be affiliated with Concert through Freedom.

Bagley’s more than 20 years in the insurance industry have included positions as a C-suite insurance executive, consultant and board director. Most recently, she headed the legal, internal audit and claims departments as Chief Legal Officer at Coaction Specialty, a national 50 state admitted and E&S specialty carrier, following several years as General Counsel at Coverys, a global specialty medical malpractice carrier, where she led many aspects of Coverys’ expansion across the U.S. and into the U.K.

“This is an exciting development at Concert,” said CEO LaDuca. “It’s always gratifying to see your belief in a company and its team reflected by its ownership. We’ve been the recipients of that confidence for the last four years and are grateful for the stewardship we’ve received from all three of our founding shareholders.