Gryphon Holdings Acquires PrimeOne Insurance Company – Strategic Move

Gryphon Holdings LLC to Acquire PrimeOne Insurance Company

Gryphon Holdings LLC has announced a definitive agreement to acquire PrimeOne Insurance Company, a specialty commercial lines insurer. Based in Arizona, PrimeOne focuses on property and casualty insurance for niche markets, emphasizing strong underwriting and reinsurance relationships. While the financial specifics of the deal remain undisclosed, this strategic acquisition aligns with Gryphon's industry objectives to expand its offerings in the insurance sector.

This acquisition is set to bolster Gryphon's capabilities by integrating PrimeOne as a core underwriting platform. By leveraging PrimeOne's expertise and established partnerships, Gryphon aims to enhance its product offerings and operational efficiency. The move increases access to global risk and capital markets, reinforcing Gryphon's position as a comprehensive platform for investors and market participants.

Erin Brennan Bagley, CEO of Gryphon, highlighted the acquisition as part of the company’s effort to create a unified insurance platform. David Thorson, President of PrimeOne, emphasized that the partnership delivers strategic capital and growth opportunities while maintaining a focus on disciplined underwriting and client service. The transaction is anticipated to conclude in the first quarter of 2026, pending regulatory compliance approvals.