WASHINGTON (dpa-AFX) - Integrated Specialty Coverages said global investment firm KKR will be acquiring a majority interest in the company. Sightway Capital is selling its majority position and will continue to hold a stake as a minority shareholder. Grossberg will continue in his role as Chief Executive Officer and the ISC management team will also remain in place.
Integrated Specialty Coverages is a multi-line insurance distributor. ISC currently writes approximately $300 million of specialty premium annually across a number of industries, including Property, Construction, Transportation, and Hospitality.
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