PrimeOne Insurance to Enhance Underwriting through Gryphon Acquisition

PrimeOne Insurance Company is set to enhance its underwriting capabilities with a proposed acquisition by Gryphon Holdings LLC, marking a significant development in the insurance industry. This transaction, anticipated to finalize in the first quarter of 2026, is currently awaiting standard regulatory compliance approvals, underscoring the importance of compliance in regulatory processes.

PrimeOne specializes in the property and casualty sector, primarily supporting program administrators and managing general agents in niche markets. With Gryphon's strategic investment, PrimeOne aims to broaden its underwriting capabilities, strengthen reinsurance partnerships, and expand opportunities for clients and partners. According to David Thorson, PrimeOne's president, this partnership provides "long-term strategic capital" necessary for sustainable growth and enhanced service solutions.

Gryphon Holdings' Strategic Vision

Gryphon Holdings plans for PrimeOne to be a pivotal underwriting platform within its organization, aligning with its comprehensive insurance solutions strategy. As Erin Brennan Bagley, CEO of Gryphon, highlighted, PrimeOne's expertise and established relationships will significantly bolster its specialty insurance and reinsurance offerings. This reflects Gryphon’s commitment to expanding its capacity in the insurance and risk management sectors.

Further supported by Phoenix Merchant Partners, Gryphon aims to operate a cohesive platform that includes MGA incubation, third-party administrator services for efficient claims and policy management, and asset management for insurance-linked investments. This acquisition aligns with Gryphon's disciplined growth approach, as shown by their recent plans to acquire Concert Group through Freedom Underwriters LLC, demonstrating Gryphon's proactive expansion in specialty markets.