June 22, 2026
Willkie advised Novel Financial Holdings, Inc., a holding company that is building a diversified underwriting and insurance services platform, in connection with an investment from Flexpoint Ford, a specialist private equity firm focused on financial services and adjacent verticals.
The investment from Flexpoint Ford supports Novel's continued build-out as a diversified underwriting and insurance services holding company and broadens Novel's ownership base, reinforcing its position as an independent insurance platform.
Novel is an independent holding company that oversees insurance carriers supporting managing general underwriters. Novel manages both policyholder-owned reciprocal exchanges through ownership of attorney-in-fact entities and traditional stock insurance companies through direct ownership and service contracts.
The Willkie team was led by senior counsel Michael Groll and partner Thomas Spencer and included associate Viviane Krug.
