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Obsidian Insurance Holdings is a hybrid program carrier that works with Managing General Agents to deliver specialized insurance programs.
Founded in 2020 in the US, Obsidian partners exclusively with Managing General Agents and program administrators to provide tailored insurance programs, including property and casualty lines. The company was formed through a partnership between Genstar Capital Partners and experienced insurance executives, who invested USD 100 mn. Revenue comes from retaining a portion of premiums under program management and risk-sharing arrangements.
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