Aquiline has launched Avondale Risk, a national platform that consolidates specialized TPAs and service providers in workers' compensation and managed care, enhancing operational capabilities while preserving boutique service models.

Information on the Target

Aquiline, a private investment firm focused on financial services and technology, recently announced the formation of Avondale Risk, a national platform aimed at uniting specialist workers' compensation, liability, and managed care third-party administrators (TPAs) and service providers across the United States. Avondale Risk intends to incorporate highly specialized regional firms, enabling them to preserve their boutique service models while accessing superior resources such as innovative technology, strategic capital, and expert operational support.

Among the first firms to join Avondale Risk are three well-respected boutique organizations from California: Intercare, InterMed, and George Hills. These firms are recognized for their deep expertise in the areas of workers’ compensation, liability, and managed care, and possess a strong reputation for delivering exceptional service and results to their clients. By aligning with Avondale, these organizations seek to create a more substantial impact without losing their individual values or specialized operational identity.

Industry Overview in the United States

The workers’ compensation and managed care sectors in the United States have seen significant growth and transformation over the past decade. With rising medical costs and increasing regulatory scrutiny, companies in