Foley Advises Ignyte Insurance in Sale of Collector Vehicle Business

Foley & Lardner LLP served as insurance compliance and regulatory counsel to Ignyte Insurance, a Carlyle-backed portfolio company, in the $615 million sale of its Collector Vehicle Division to Philadelphia Insurance Companies.

Ignyte Insurance is a specialty insurance platform focused on building and scaling differentiated brands across high-growth niche markets. The company’s core strategy centers on acquiring and growing specialized insurance businesses that offer differentiated products and exceptional customer service. Among the fastest-growing specialty insurance platforms in the industry, Ignyte’s diversified portfolio represents $650 million in premium and includes market-leading solutions for travel medical, international student health, leased equipment and specialist MGA platforms.

The Foley insurance team was led by partners Michael Kasdin and J.J. Silverstein with support from partner JillAllison Opell and associates Margaret Brzakala and Julia Ditkoff.