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Constellation Affiliated acquires cyber wholesaler and MGA



Constellation Affiliated Partners has acquired Atlanta-based specialty broker and managing general agent INSUREtrust LLC, which operates as ITDC Insurance Services.

The terms of the transaction were not disclosed. York-based private equity-backed insurance consolidation platform said CEO Christiaan Durdaller has been promoted to President and CEO of INSUREtrust, retiring founder Steve Haase, who is retiring. Mr. Durdaller was previously Vice President.

INSUREtrust distributes cyber liability, technical errors and omissions and various professional liability insurance. the statement.

It will also provide the industry expertise of Constellation CEO Bill Goldstein and CEO Brian Norman, he said.

Constellation Affiliated is supported by New York-based private equity firm RedBird Capital Partners Management LLC. [1

9659002] INSUREtrust also announced that Vice President Erin Burns and Hunter Maskill have been promoted. Burns has been promoted to head of brokerage and oversaw the brokerage business, while Mr. Maskill has been promoted to CEO, the statement says.

Marsh Berry & Co. INSUREtrust advised on the sale.

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