EXCLUSIVE: Balance Partners continues diversification with CURE Programs partnership

BV Investment Partners-backed Balance Partners has completed a new partnership with the acquisition of MGU CURE Programs, further deepening its excess casualty offerings within the commercial real estate sector and allowing for excess towers of up to $20 million in coverage.

Founded by David and Aris Vilage in 2016, CURE Programs specializes in excess casualty insurance for commercial real estate accounts nationwide.  The firm maintains strong relationships with various A and A- AM Best-rated carriers which provide capacity across its programs.

Under the new partnership, CURE’s management team will continue to lead the business, and the CURE brand will be maintained under Balance Partners’ ownership.

Balance Partners co-founder Michael Sillat said the transaction further reflects the selective approach to M&A and partnerships at the company. Sillat – who co-founded Balance Partners with Joe Calise in February 2019 – noted that the firm will continue to explore partnership opportunities that possess strong underwriting profitability and teams that are eager to drive further growth as part of the Balance Partners platform.

“This partnership reflects Balance’s philosophy of uniting complementary strengths. CURE’s excess casualty expertise aligns seamlessly with several of our core offerings, and leveraging Balance’s tech-enabled platform will expand strategic distribution of the CURE product – while maintaining the high service standards that have defined both organizations,” Michael Sillat said.

Calise added that in a competitive M&A environment, CURE represents an ideal fit given its founders’ collaborative approach and cultural alignment, providing an opportunity to accelerate shared growth.

David Vilage said, “We spoke with many potential partners over the past year, and Balance stood out from the start.  Aris and I are thrilled to join Michael, Joe, and their team to take the CURE business to the next level.”

MarshBerry acted as exclusive financial advisor to CURE.

As previously reported, Balance Partners has experienced substantial growth since BV Investment Partners’ investment in early 2024. During this period, the business has doubled in size while maintaining top-tier underwriting performance and continuing to diversify across specialty lines.