Freedom Underwriters Acquisition to Transform Insurance Industry

Concert Group Holdings recently announced that Freedom Underwriters will acquire all outstanding shares from its current shareholders, WT Holdings and Century Focused Fund IV. This strategic acquisition is anticipated to finalize in the first half of 2026, promising to reshape the industry landscape with new regulatory compliance requirements.

Following the announcement, Erin Brennan Bagley has been appointed to the board of directors, succeeding Brady Young, who has stepped down. Bagley, who brings extensive experience in industry regulatory compliance from her tenure as chief legal officer at Coaction Specialty and general counsel at Coverys, will strengthen Freedom’s regulatory framework and risk management strategies.

Former CEO John Hendrickson has also exited the board, following his resignation as CEO in August. Sam LaDuca, previously Chief Actuary, has taken over the CEO position to steer the company’s future direction under the unified partnership with Freedom. This shift in leadership reflects strategic governance changes within Concert Group Holdings, positioning it for significant industry transformation.