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PE firm completes strategic investment in US construction-focused MGA

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PE firm completes strategic investment in US construction-focused MGA

Preservation Capital Partners Ltd. has completed its strategic investment in U.S. construction-focused managing general agent Cove Programs after receiving all necessary regulatory approvals.

Preservation Capital acquired an interest in MGA Ascent Underwriting in 2018. The addition of Cove Programs has created an MGA that manages more than $200 million in gross written premiums.