GeoVera Insurance Group
GeoVera Insurance Group Holdings, Ltd. is a specialty property and casualty insurer focused on underwriting catastrophe exposed personal property coverage. The company provides non-admitted homeowners insurance, primarily in Florida and Texas, and admitted residential earthquake coverage, primarily in California. GeoVera's competitive advantages include its highly automated underwriting platform, strong broker relationships and ability to analyze catastrophe risk. As a non-admitted homeowners carrier, GeoVera is able to adjust rates and forms to take advantage of market dislocations.
FFL, in partnership with Hellman & Friedman LLC, purchased GeoVera in 2005 from the St. Paul Travelers Companies, Inc., where GeoVera had operated as a separately managed business unit since its founding in 1993. In 2012, GeoVera was sold to affiliates of Flexpoint Ford, LLC.Sector: Financial Services
Status: Former, 2005 Investment