Onex to acquire Integrated Specialty Coverages

Onex Partners has agreed to acquire Integrated Specialty Coverages ( ISC ) from KKR.

Headquartered in Carlsbad, California, ISC is a tech-enabled multi-line program administrator that designs, underwrites, and distributes insurance solutions through a proprietary analytics-driven platform.

The deal, made alongside PSP Investments, Ardian, and other institutional partners, will see ISC’s management and employees retain significant ownership while KKR exits. Onex highlights ISC’s data-driven underwriting, broad carrier and broker relationships, and technology capabilities as core strengths, continuing its focus on investing across the P&C value chain.

“ISC combines all the elements we consider to be markers of success in an underwriting and distribution platform, including a disciplined, data-driven approach, broad and deep relationships with insurance carriers and brokers, and a best-in-class technology platform that enables superior underwriting results, client experience and cost efficiency. We understand ISC’s end market very well and look forward to supporting the Company’s management team and employee-owners with all of our resources.” – Adam Cobourn, a Managing Director at Onex Partners.