Bernhard Capital Partners Has Entered into an Agreement to Make a Significant Investment in The Gray Casualty & Surety Company

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Gray Insurance

Date Posted:

16 Mar 2021

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Bernhard Capital Partners Has Entered into an Agreement to Make a Significant Investment in The Gray Casualty & Surety Company

Is the Gray Insurance Company Going To Be Involved in This Venture?

Yes, Bernhard Capital Partners and Gray Insurance are partners in expanding the surety enterprise, and Gray Insurance will remain actively engaged in Gray Surety.

What Does This Mean for The Gray Insurance Company’s Policyholders and Agents?

This partnership leverages the combined resources of Bernhard’s infrastructure expertise and Gray’s strong reputation in the construction insurance space.

Gray Insurance will continue to focus on meeting the needs of our policyholders and agents through our current and new product lines. Our partners will see no change in day-to-day business with Gray Insurance.

Why is The Gray Insurance Company Collaborating with Bernhard Capital Partners in this Opportunity?

Gray Insurance entered the transaction to form a strategic alliance with a strong capital partner in Louisiana. Bernhard Capital Partners is a robust, well-respected organization with expertise in construction and infrastructure.

With our recent launch of the Gray Surplus Lines Insurance Company, our focus on our core casualty program and Gray Specialty, and by working with partners such as Bernhard Capital Partners, Gray Insurance is seizing opportunities to be at the forefront of growth and innovation in the insurance industry.

 

We are proud of this partnership and excited about the growth potential it holds. This new venture will enable Gray Surety to write and support a much larger share of the market.

Michael Gray, Director & President of Gray Insurance Company

This partnership brings together Bernhard’s construction and infrastructure expertise with our construction-focused credit business.

Cullen S. Piske, President of Gray Casualty & Surety

We are excited to partner with the Gray Surety team. This insurance platform will serve as a natural extension of our construction and infrastructure expertise. Together, we will leverage Gray Surety’s reputation in the surety industry and Bernhard’s resources to grow capacity.

Jim Bernhard, Founder of Bernhard Capital Partners