Stone Point Capital and KKR & Co. LLP have agreed to recapitalize Privilege Underwriters, the holding company for the PURE Group of Insurance Companies. No financial terms were disclosed for the transaction that is being done with Privilege’s management.

As a result of the deal, Stone Point will maintain its majority stake in Privilege while KKR will acquire a minority stake. Headquartered in White Plains, New York, PURE Group of Insurance Companies is a provider of personal insurance and risk management services to high net worth individuals and families.

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