Aquiline Announces Agreement to Acquire Relation Insurance Services.

• Position: [IN THE ASSOCIATIONS]

* Aquiline Capital Partners LLC, a New York and London-based private equity firm investing in financial services and technology, has entered into a definitive agreement to acquire Relation Insurance Services, one of the largest independent insurance brokers in the United States, from private equity firms Parthenon Capital and Century Equity Partners. Since its founding in 2007, Relation has built its strengths in specialized industries including agribusiness, education, employee benefits, public entity, transportation and nonprofit. The Company is committed to mid-market businesses.

"Under the leadership of Joe Tatum and Ed Page, Relation Insurance Services has established itself as a highly respected brokerage with significant opportunities for continued organic and acquisition-based growth," said Jeff Greenberg, Chairman and Chief Executive Officer of Aquiline. "We look forward to supporting Joe, Ed and the Relation team during this next phase of expansion." The Company will maintain its corporate headquarters in Walnut Creek, California, under the continued leadership of CEO Joe Tatum, President and COO Ed Page, and the rest of the management team.

"Our team at Relation Insurance Services has worked hard to build a company with a stellar reputation as one of the country's best independent insurance brokerages," said Joe Tatum, Chief Executive Officer, Relation Insurance Services. "Our goal is to continue driving strong organic growth alongside strategic acquisitions, sustained by Aquiline's strong commitment to our mission and value proposition. We are excited to partner with them to further expand our portfolio, increase our geographic reach and continue to build on our customer relationships."

Ed Page, President and Chief Operating Officer of Relation, added, "This transaction...