Embrace Partners

What Embrace Partners does

Embrace Partners, Inc. is a privately held, certified Minority Business Enterprise (MBE) wholesale insurance intermediary and Managing General Underwriter founded in 2021 by David Cayemitte. The firm operates as a national Property & Casualty wholesaler licensed as an Excess & Surplus (E&S) broker in all 50 states, placing property, casualty, professional lines, specialty coverages, OCIP, CCIP, and construction insurance. Its core commercial proposition is that every premium dollar routed through Embrace qualifies as financial inclusion / diversity spending for corporate clients, addressing the structural gap that previously prevented MBE status from translating into insurance procurement. The firm maintains three U.S. offices (Princeton Junction HQ, New York, Philadelphia) and accesses global insurance markets.

The product platform is composed of three interlocking layers: (1) wholesale insurance placement via Embrace Partners; (2) in-house surety underwriting up to $5 million per bond via Embrace Surety MGA, using a U.S. Treasury-rated surety and the proprietary Bonding Readiness Segment (BRS) assessment tool and Cayemitte Capital Management (CMP) program; and (3) a consulting and contractor-capacity-building layer anchored on the affiliated Minority Business Development Institute (MBDI), a 501(c)(3) nonprofit, plus the $10 million LISC-managed collateral access bond fund and an Experian-powered Business Credit Advantage subscription. The technology stack is described as a digital-first platform leveraging data science, AI, and cloud computing, though specific proprietary AI products are not disclosed.

Embrace earns revenue through wholesale brokerage commissions on premiums placed (transaction-fee model), MGU underwriting fees and spreads on bound surety coverage (subscription/recurring), consulting and program-management fees, and corporate sponsorship/support of MBDI. Go-to-market is hybrid: enterprise field sales led by senior executives directly to large corporations, public entities, and construction firms with diversity goals, complemented by a channel motion through approved retail broker partners including Aon and EPIC Insurance Brokers, plus a Westchester/Chubb facility. Customer segments include corporations pursuing diversity spend, public-sector procurement entities, diverse (MBE/WBE/VBE) contractors needing bonding/capital access, and retail brokers needing diversity-credentialed wholesale capacity. Notable named engagements include Con Edison ($98M excess tower on a $400M project and ~$3.2B in construction placements), Gilbane (national initiative supporting a $3B small business commitment), DASNY, Delaware State, and the Port Authority of NY/NJ. In August 2022, Ambac Financial Group (NYSE: AMBC) took a minority ownership stake as a strategic partner; David Cayemitte remains majority owner.

Name

Embrace Partners

Legal name

Embrace Partners, Inc.

Website

https://embraceinsure.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Embrace Partners is a certified MBE wholesale insurance broker and Managing General Underwriter, licensed as an E&S broker in all 50 states, that places P&C, construction, and surety coverage for large corporations, public entities, and construction firms while converting every premium dollar into diversity spending credit for clients.

Ownership category

akta.pro rank

Product category

Wholesale Insurance Brokerage and Surety Underwriting

NAICS

Finance and Insurance (52)

SIC

Insurance Agents, Brokers & Service (6411), Surety Insurance (6351), Services-Management Consulting Services (8742)

akta.pro primary industry

Surety & Bond Brokerage (FSAEADAI)

akta.pro secondary industry

Surety & Fidelity Bonds (FSAJAMAJ)

Keywords

• Wholesale insurance brokerage
• Surety bond underwriting
• Managing general underwriter
• Construction risk management
• Diversity supplier inclusion

Headquarters

HQ city

Princeton Junction

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Wholesale Insurance Brokerage: As a national P&C wholesaler, Embrace places insurance policies and earns commissions on premiums placed. Every premium dollar qualifies as financial inclusion spending, creating unique value for clients seeking diversity credits.
2. Managing General Underwriting (MGU): Managing General Underwriter writing surety bonds up to $5 million in-house with a U.S. Treasury Rated surety. Earns underwriting fees and spreads on bound coverage.
3. Consulting Services: Consulting platform providing capital management, risk management, and program management services for construction projects. Helps public and large private projects meet diversity goals through integrated insurance, capacity building, funding, and bonding solutions.
4. Minority Business Development Institute (MBDI): Non-profit educational platform preparing diverse contractors to become project-ready through capacity building programs. Embrace is a major donor to MBDI.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core offering

Embrace Partners is a certified MBE national Property & Casualty wholesaler and Managing General Underwriter (MGU) that places property, casualty, professional lines, specialty coverages, OCIP, CCIP, and construction insurance for retail brokers and large buyers. Through its Embrace Surety MGA, it underwrites and issues surety bonds up to $5 million in-house with a U.S. Treasury-rated surety. The firm also provides consulting and capacity-building services for large construction projects, integrating insurance, surety bonding, capital access, and education for diverse contractors so that every premium dollar placed qualifies as financial inclusion spending for clients' diversity goals.

Product overview

Embrace Partners is a certified Minority Business Enterprise (MBE) offering a multi-faceted insurance and construction platform composed of three complementary areas: Wholesale Insurance Intermediary (a national P&C wholesaler and MGU placing property, casualty, construction, and specialty coverages), Surety Bonding (in-house underwriting up to $5 million via Embrace Surety MGA), and a Consulting Platform (providing capacity building, funding, and bonding for diverse contractors). The platform also includes the Capital Management Program (CMP) for financial management, the MBDI Capacity Building program for contractor education, and Experian-powered business credit monitoring. The company's unique value proposition is that every premium dollar placed qualifies as financial inclusion spending for clients' diversity goals.

Differentiator

Problem solved

Functional benefit

Products and services

• Surety Bonding (Embrace Surety MGA) National Property & Casualty wholesaler and Managing General Underwriter (MGU) that places property, casualty, professional lines, specialty coverages, OCIP, CCIP, and construction insurance for retail brokers and large buyers, operating with a digital-first mindset and access to virtually any insurance market globally.

Quantifiable outcome

• Every premium dollar placed qualifies as diversity spending for clients
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core, strategic and minor.

• EPIC Insurance Brokers & ConsultantscoreChannel Partner/ Reseller/ Distributor · 1 March 2024Embrace announced partnership with EPIC, one of the top 20 retail insurance brokers in the United States. For the first time, all parties across the insurance transaction including clients, retail brokers, and carriers can earn diversity credits for premium dollars paid through Embrace. EPIC can engage Embrace to access wholesale markets for clients who prioritize diversity.
• AoncoreChannel Partner/ Reseller/ Distributor · 3 December 2023Embrace was approved by Aon to act as a wholesale broker in the US. The approval enables Aon brokers at clients' direction to begin placing insurance through Embrace. Adding Embrace to the roster of approved wholesale brokers provides Aon clients with opportunity to align premium dollars and inclusion/diversity goals.
• Westchester (Chubb company)strategicChannel Partner/ Reseller/ Distributor · 25 October 2022Embrace entered arrangement with Westchester, a Chubb company offering commercial P&C excess and surplus coverages sold through wholesale brokers. Through the new facility, Westchester's wholesale distribution partners can place business through Embrace platform, helping brokers and customers meet diversity goals through insurance spend.
• Minority Business Development Institute (MBDI)coreStrategic or Co-development Partner · 1 January 2010MBDI is a 501(c)(3) nonprofit founded by David Cayemitte in 2010 to provide economic opportunities for minority-owned businesses. Embrace is a major donor. MBDI conducts an 8-month capacity building program preparing diverse contractors to become bonded and project-ready. MBDI-trained contractors have been sourced by companies and government agencies requiring diverse spend including DASNY.
• Association for the Improvement of American Infrastructure (AIAI)minorOthersEmbrace Partners is proud to represent Financial Inclusion in construction as a member of AIAI.
• ExperianminorOthersEmbrace partnered with Experian to provide business credit report and score access through Experian's Business Credit Advantage subscription. This premium service includes unlimited access to full business credit reports, daily monitoring, email alerts, dark web monitoring, and personalized insights.
• LISC (Local Initiative Support Corporation)strategicStrategic or Co-development PartnerEmbrace developed and manages a $10 million collateral access bond fund on behalf of LISC, a nimble non-profit with strong community partnerships connecting hard-to-tap public and private resources with underinvested places and people. This helps minority contractors qualify for surety bonding.
• Delphin InvestmentminorOthersHired Delphin Investment, owned by Haitian-born CEO Guy-Max Delphin, to provide underwriting services as part of engaging minority-owned vendors to facilitate Embrace's mission.
• Blanche LLCminorOthersEngaged Blanche LLC, a black-owned CPA firm, to provide advisory and accounting services as part of hiring minority-owned vendors to circle dollars in diverse communities.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Brown & Riding: National wholesale insurance brokerage placing specialty and excess & surplus lines through retail brokers. Comparable to Embrace in operating model (wholesale intermediary serving retail brokers with E&S market access), though without the MBE/diversity focus.
• Burns & Wilcox: Large specialty wholesale broker and MGA placing complex P&C, professional, and personal lines through retail agents. Directly comparable in wholesale distribution and MGU functions; much larger scale.
• RPS (Ryan Specialty): Specialty insurance organization operating wholesale brokerage, MGU, and binding authority businesses. Closely comparable in E&S wholesale and MGU functions to Embrace's wholesale insurance and surety MGU lines.
• Amwins: Largest US specialty distributor combining wholesale brokerage, MGU, and reinsurance services. Comparable operating model and carrier access, though materially larger in scale and capital base.
• CRC Insurance Services: Wholesale insurance broker operating across specialty, E&S, and construction lines through retail partners. Closely aligned to Embrace's wholesale distribution model and construction focus.
• NSM Insurance Group: Program manager and MGU developing specialty insurance programs distributed through retail brokers. Comparable to Embrace's MGU/program-administration angle, especially in vertical specialty lines.
• M.J. Hall & Company: Wholesale insurance broker specializing in commercial, construction, and surety placements through retail agents. Comparable in construction-focused wholesale and surety distribution.

Broad incumbents

• Aon: Global professional services firm and one of the largest retail insurance brokers. Both partner (Aon has approved Embrace as wholesale) and a broader competitor whose scale and carrier access set the bar Embrace is measured against.
• Westchester (Chubb): Chubb's excess and surplus lines division distributing specialty coverages through wholesale brokers. Both partner and broad incumbent carrier whose appetite drives Embrace's placement options.

Emerging players

• Plexus Groupe: Mid-market insurance brokerage and consulting firm with a strong diversity/MBE focus, including supplier diversity advisory. Comparable to Embrace's positioning of insurance spend as a financial-inclusion asset.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/EmbraceInsure
• YouTubeyoutube.com/@_embraceinsure
• Facebookfacebook.com/embracepartners
• LinkedInlinkedin.com/company/embrace-partners
• Instagraminstagram.com/embraceinsure

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Embrace Partners