Vistria Acquires Dallas-Based MGA Lumen Holdings

The deal creates a new platform within Vistria's Financial Services strategy.

Published on Feb. 24, 2026

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US private investment firm the Vistria Group has acquired Dallas-based managing general agent (MGA) Lumen Holdings. Founded in 2019, Lumen underwrites various insurance products across more than 30 US states and operates on its proprietary KURRENT digital platform.

Why it matters

The acquisition reflects Vistria's focus on partnering with specialized, technology-enabled underwriting firms as insurers increasingly turn to MGAs to drive performance in essential, regulated markets.

The details

Lumen was founded in 2019 and underwrites builders' risk, commercial general liability, commercial property, homeowners, personal auto and umbrella products. The company works through a nationwide network of wholesale and retail broker partners and has launched multiple de novo programs. Lumen's core operations are built on its proprietary KURRENT platform, which supports various digital insurance functions.

  • Lumen Holdings was founded in 2019.
  • The acquisition by Vistria Group was announced on February 24, 2026.

The players

Vistria Group

A US private investment firm that has acquired Dallas-based MGA Lumen Holdings, creating a new platform within its Financial Services strategy.

Lumen Holdings

A Dallas-based managing general agent (MGA) founded in 2019 that underwrites various insurance products across more than 30 US states and operates on its proprietary KURRENT digital platform.

Scott Whitaker

The founder and CEO of Lumen Holdings.

Boris Rapoport

The senior partner and co-head of Financial Services at Vistria Group.

Albert Benchimol

The former CEO of AXIS Capital, who will join Lumen's board following the transaction.

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What they’re saying

“I am incredibly excited to partner with Boris, Mike and the Vistria team. Their conviction in what we are building at Lumen and the value MGAs bring to the market aligns perfectly with our strategy: to continue building a best-in-class, diversified MGA focused on strong underwriting performance and supported by cutting-edge technology.”

— Scott Whitaker, Founder and CEO, Lumen Holdings

“A key part of Vistria's Financial Services strategy is focused on partnering in essential, regulated markets where expertise and infrastructure drive performance, and this investment reflects several years of work around the evolution of the specialty MGA market.”

— Boris Rapoport, Senior Partner and Co-Head of Financial Services, Vistria Group

What’s next

Following the transaction, several industry veterans will join Lumen's board, including Albert Benchimol, former CEO of AXIS Capital; Mark Smith, former president of K2 Insurance Services; and Brian McDermott, former chief information officer at Victor Insurance.

The takeaway

The acquisition of Lumen Holdings by Vistria Group reflects the growing importance of specialized, technology-enabled MGAs in the insurance industry as insurers seek out partners that can drive performance through expertise and infrastructure.