MBE certified Embrace Partners, Inc. (Embrace), a tech-driven managing general underwriter (MGU) of specialty commercial insurance, has formed a significant partnership with EPIC Insurance Brokers & Consultants (EPIC).
This collaboration marks an important milestone as Embrace’s MBE certification allows all stakeholders involved in insurance transactions – including clients, retail brokers, and insurance carriers – to obtain diversity credits for premium dollars spent on insurance placed through Embrace, the company said.
David Cayemitte, President, and CEO of Embrace, expressed enthusiasm about the partnership, saying, “We are excited to partner with EPIC, a fast-growing company that demonstrates a deep commitment of diversity. Embrace offers insurance buyers, brokers, and carriers the ability to incorporate diversity into insurance distribution.”
Christine Sadofsky, Executive Managing Director of EPIC’s Entertainment & Sports Practice, echoed this sentiment, emphasizing EPIC’s dedication to diversity, equity, and inclusion.
“The EPIC/Embrace partnership will allow us to provide our clients with the opportunity to build their culture of inclusion while supporting the growth of a diverse business,” said Sadofsky.
Under the leadership of industry veteran David Cayemitte, Embrace Partners has emerged as a trailblazer in supplier diversity within the insurance sector.
Cayemitte, who has extensive experience gained from executive roles at AIG, St. Paul’s, and Travelers, founded Embrace Partners in 2021. Ambac Financial Group, Inc., a prominent financial services company, has a minority interest in Embrace Partners.