Janney’s Insurance Investment Banking practice is comprised of a dedicated team of professionals with decades of experience advising clients in the insurance industry. We work with a wide range of clients, from local and regional companies to larger national and international entities in the underwriting, MGA/broker/agent, and industry-related service subsectors. We possess deep industry knowledge and transaction expertise, completing more than 100 insurance assignments since 20001.

Our practice is noted for M&A advisory and capital formation services to privately held and publicly traded clients in this sector. Our expertise includes:

  • Mergers & Acquisitions
  • Public Offerings
  • Strategic Alternatives Analysis
  • Private Placement Recapitalizations
  • Demutualizations


  • Trusted M&A financial advisor to insurance companies nationwide
  • Experienced with complex insurance company structures, demonstrating an effective ability to communicate value propositions to interested parties in a transaction
  • Strong relationships and experience with insurance-oriented investors
  • Decades-long history of market making
  • Active trading relationships with regional and national institutional investment funds
  • Strong regional retail presence that effectively supports offerings and adds pricing stability
  • Placed capital in numerous insurance company equity and debt offerings as a lead agent, co-manager, and selling group member
  • Leading experts in subscription rights demutualizations, having been involved in nearly every transaction of this type1
  • Rendered fairness opinions for a variety of circumstances, including M&A transactions, recapitalizations, and demutualizations1
  • Privately owned subsidiary of The Penn Mutual Life Insurance Company, one of the oldest mutual life insurance companies in the U.S. and a Fortune 1000 company2, and fully backed by their ratings: A+ (Superior) from A.M. Best, AA- (Very Strong) from Fitch Ratings, Aa3 (High Quality) from Moody’s, and A+ (Strong) from Standard and Poor’s3.


1. Transactions completed by current Janney Investment Banking team members at previous firms
2. Penn Mutual 2019 Annual Report; https://www.pennmutual.com/about-us/financial-strength/annual-report
3. Penn Mutual Ratings; https://www.pennmutual.com/about-us/financial-strength/ratings


For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on www.janney.com/crs which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.

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