‘Transformational’ Brazos and Twenty Mile merger enables Revau strategic expansion across NA

Canadian managing general agent (MGA) Revau, a specialist in property and casualty insurance, is expanding its footprint in the US through its recent partnership with Brazos Specialty Risk Insurance and Twenty Mile Insurance Services, two independent, Texas-based MGAs.

In addition to broadening its presence and operational capabilities in the country, this transaction firmly positions the combined company as a pre-eminent player in the specialty-insurance market across North America, Revau stated.

Brazos, a distinguished specialty trucking insurance provider, and Twenty Mile, a specialist in construction liability solutions, bring extensive market reach and deep industry expertise to Revau’s growing platform.

In return, Revau equips the combined entity with advanced data-analytics capabilities, a robust capital base, and an industry leading digital infrastructure.

This synergy gives the group the capacity to deliver tailored products and services to brokers, carriers, and insureds across the continent.

Twenty Mile’s data-rich underwriting infrastructure will be combined with Revau’s advanced analytics platform. This will allow the group to command an end-to-end data capability – from acquisition and management to predictive modelling – that will: uncover deeper insights, enable faster decisions, fuel innovation and boost efficiency.

Jean-François Raymond, President and CEO of Revau, stated: “This is an incredible milestone for Revau, marking our evolution from a small regional MGA with ambitious goals to an industry leader expanding beyond Canada.

“We have always believed our growth strategy extends globally, and today’s achievement demonstrates our commitment to teaming up with the right partners. We are thrilled to collaborate with such an experienced and talented group, building a strong partnership model that delivers value for all stakeholders and sets the stage for future success.”

Tom Spitalny, President of Brazos, and Christopher Polk, President of Twenty Mile and CEO of both entities, will continue to play key roles in the combined company, along with their respective teams.

“This merger represents a significant step forward in our commitment to helping our businesses harness the full potential of their data,” said Chris Polk and Tom Spitalny. “By joining forces with Revau, we are creating a unique entity with the scale and expertise to tackle even the most complex data challenges and deliver the best possible results for our trading partners.”

The alignment leverages the unique strengths of all three companies, boosting Revau’s operational capabilities and broadening its reach in specialised insurance.

The integration aims to foster innovation and provide greater value to brokers and policyholders.

Fasken Martineau DuMoulin LLP and Willkie Farr & Gallagher LLP acted as lead external legal counsels to Revau. Howden Capital Markets & Advisory acted as exclusive financial advisor to Brazos and Twenty Mile, and Covington Burling LLP served as legal counsel to Brazos and Twenty Mile.

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