November 4, 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 Crestview Partners, a leading private equity firm.
On November 3, Novel announced that it secured an investment from Crestview, a firm that has extensive experience partnering with management teams to build differentiated insurance platforms. The new equity capital will support Novel’s continued build-out as a diversified underwriting and insurance services holding company while broadening its ownership base.
Willkie previously advised Novel on an investment earlier this year from Flexpoint Ford.
Novel Financial Holdings, Inc. is a diversified underwriting and insurance services holding company. Through its subsidiaries, Novel owns traditional insurance carriers, manages policyholder-owned reciprocal exchanges, and operates specialized insurance services businesses, including attorneys-in-fact, insurance management, and underwriting-related services.
The Willkie team was led by senior counsel Michael Groll and partner Thomas Spencer with associate Viviane Krug.
