Houston and New York — Sanders Morris Harris Group Inc. announced that its investment banking group, SMH Capital, served as sole placement agent and financial advisor for the formation, structuring and initial funding of WRM America Holdings, a specialty line property/casualty insurance holding company.

Aquiline Capital Partners LLC, a private equity firm investing in financial services, and Wright Risk Management Co. LLC, a risk financing and insurance management company, formed WRM America Holdings through a $75 million investment. WRM will provide comprehensive insurance programs to private and public K-12 schools, colleges and universities though its underwriting subsidiary, WRM America Indemnity.

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