Trucordia gets $1.3 billion investment from Carlyle Group

Carlyle executives said the firm views Trucordia as well-positioned within the insurance distribution sector. Andreas Boye, partner and head of Carlyle Credit Opportunities in North America, cited the company’s management and strategic direction as key considerations. Gary Jacovino, a partner on the credit opportunities team, said Carlyle intends to support Trucordia as it pursues growth and operational scale.