The shareholders of Concert Group Holdings, Inc., a specialised insurance holding company known for providing tailored solutions to programme insurance markets, have agreed to allow founding shareholder Freedom Underwriters LLC (Freedom) to purchase all outstanding shares from current shareholders WT Holdings, Inc. (WT) and Century Focused Fund IV, LLC (Century).
Charles Slatery, Chair, Concert, commented, “We are encouraged and heartened by Freedom’s belief in Concert’s future as a leader in the fronting sector. Throughout our discussions with Freedom, it’s been clear that they have complete confidence in our management team and in the strategy for growth that Concert is executing.”
Following the proposed acquisition, Freedom, backed by its original investors and Gryphon Holdings, LLC (Gryphon), a company financed by affiliate Phoenix Merchant Partners, has appointed Erin Brennan Bagley to the Board.
She replaces founding Director Brady Young, who has stepped down, but will continue to be affiliated with Concert through Freedom.
Bagley has over two decades of insurance industry experience, including as a C-suite insurance executive, consultant, and board director. She has deep expertise in specialty P&C operations, regulatory environments, strategy, capital management and corporate governance.
Most recently, Bagley led the legal, internal audit and claims departments as Chief Legal Officer at Coaction Specialty. Before this, she spent several years as General Counsel at Coverys, leading many aspects of Coverys’ expansion across the US and into the UK.
This year has been particularly successful for Concert, as it built a broadly diversified book of business, bolstered its management and administrative teams, and achieved record premium growth. In August 2025, the company’s former Chief Actuary, Sam LaDuca, succeeded John Hendrickson as Chief Executive Officer.
Young added, “Erin’s expertise working with insurance company boards, as an advisor and as a director, and her significant transaction experience, make her a great representative for Freedom as the company undergoes this process.”
Slatery said, “I join Brady in noting the considerable strengths Erin brings to the Board. Her industry and governance experience are an excellent complement to the other skills represented on our Board. I want to extend the Board’s sincere appreciation to Brady, as well as to John, who has also resigned from the Board, for all they’ve done to set Concert on the trajectory for success. We wish them both the very best in their future endeavours.”
LaDuca concluded, “This is an exciting development at Concert. It’s always gratifying to see your belief in a company and its team reflected by its ownership. We’ve been the recipients of that confidence for the last four years and are grateful for the stewardship we’ve received from all three of our founding shareholders.
“With Freedom’s acquisition of all outstanding shares, we transition to a singular partnership hallmarked by a commitment to realising our potential. On behalf of the executive team, I want to thank Freedom for their continued belief in us and their trust in our ability to deliver superior results.”
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