NEW YORK, NY — Gramercy Risk Holdings (“Gramercy”), a New York-based insurance programs management platform has raised an undisclosed amount of equity capital. Proceeds will fund Gramercy’s acquisition and capitalization of a shell insurance company to pair with its existing management company, Gramercy Risk Management.
Gramercy was founded in 2014 by Bill and Matt Fishlinger following the sale of the Wright Insurance Group (“Wright”) to Brown & Brown. Formed as a highly sophisticated, blue-chip management platform, Gramercy provides managed services to insurance companies of all types, operating under the same philosophies regarding management of risk that Bill Fishlinger adopted when he formed Wright in 1978. Gramercy and its executive team will leverage the 30 years of experience from Wright along with its successful risk financing model to effectively serve its client base. “Gramercy is now well positioned to launch its first program, focusing on New York Contractors, in early 2018 and offer our services to other specialty, niche markets,” said Matt Fishlinger, EVP & Chief Operating Officer of Gramercy.
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