Onex Corporation's Onex Partners Opportunities Fund has agreed to acquire Integrated Specialty Coverages, a tech-driven insurance platform, from KKR, with management retaining significant ownership stakes.

Information on the Target

Integrated Specialty Coverages (ISC) is a technology-driven insurance platform headquartered in Carlsbad, California. Specializing in the design, underwriting, and distribution of insurance solutions, ISC has established itself as a prominent multi-line program administrator. The company leverages proprietary data analytics to create a comprehensive insurance platform that connects a vast network of insurance markets and distribution channels. With a strong emphasis on underwriting excellence and customer service, ISC operates with a team of seasoned professionals who bring extensive experience from various sectors of the insurance industry.

Under the transaction announced on September 18, 2025, Onex Corporation’s Onex Partners Opportunities Fund has agreed to acquire ISC from KKR. The current management team and employees will retain significant ownership stakes post-transaction, indicating a strong commitment to the company’s future prospects.

Industry Overview in the Target’s Specific Country

The insurance industry in the United States has been a cornerstone of financial services for decades, characterized by a diverse array of lines of coverage such as property, casualty, and specialty insurance. In recent years, the industry has increasingly embrac