Crestview Partners invests in Novel Financial Holdings
Jersey City insurance underwriting and services holding company, which manages policyholder-owned reciprocal exchanges and owns stock insurance carriers.
Crestview Partners has made an investment in Novel Financial Holdings, a Jersey City, New Jersey holding company building a diversified underwriting and insurance services platform, the companies announced on November 3, 2026. The new equity capital is intended to support Novel's continued build-out across insurance underwriting and services and to broaden its ownership base. Novel is a portfolio company of Flexpoint Ford.
CEO Rob Bredahl said Crestview brings flexible capital and sector expertise. Crestview, founded in 2004, has invested in insurance and reinsurance for two decades. The investment amount and the size of Crestview's stake were not disclosed.
Deal facts
- Target
- Novel Financial Holdings
- Business
- Holding company building a diversified underwriting and insurance services platform, owning attorney-in-fact entities and stock insurance carriers
- Investor
- Crestview Partners
- Sponsor
- Crestview Partners
- Deal type
- Investment
- Headquarters
- Jersey City, NJ
- Status
- Completed
- Announced
- Tuesday, November 3, 2026
Sources
- Business WireNov 3, 2026
- Yahoo FinanceNov 3, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.