Incline P&C Group announces growth equity investment from Braemont Capital

Insurance program market services firm Incline P&C Group has announced an investment of $125 million from private equity firm Braemont Capital.

Based in Austin, Incline’s current programs cover lines including private passenger auto, cargo, commercial auto, flood, homeowners, motorcycle, pet and workers’ compensation insurance.

Incline carriers are rated A- by AM Best, licensed in 44 states with distribution through 52 independent managing / general agents. Incline carriers began operations in late 2015 and in less than 8 years, are projected to write over $1 billion of cumulative premium in 2023. With this capital raise, Incline plans to expand its service offering and continue its expansion.

“Incline is a leading program carrier, and we are pleased to partner with Chris McClellan and the leadership team to help expand the platform and continue to be an innovator in the insurance industry. The company has experienced incredible growth in premium volume and program acquisition and through this investment, we are excited to join Incline on their mission to continue to be the premier insurance program market services firm.” – Robert Covington, managing partner of Braemont.

“In Braemont, we have found a long-term investment partner with a strong record in insurance and financial services investment experience. Their relationship-driven mindset will add great strategic value to Incline as we advance our company, meet the needs of our clients and expand our capacity for new business.” – Chris McClellan, president and CEO, Incline P&C Group.