STARFISH SPECIALTY INSURANCE RECEIVES STRATEGIC INVESTMENT FROM PELOTON CAPITAL MANAGEMENT
Toronto, ON, December 17, 2025 – Starfish Specialty Insurance announced today that it has entered into a partnership with Peloton Capital Management to support its growth trajectory and position it to make strategic acquisitions. Starfish was launched in 2021 by Jeremy Hitzig along with co-founders Tom Lane, Margret McBurney, Michael Thabet, Brooks Chase and James Flynn. The investment will give Peloton a significant minority stake in the company alongside the founders. Since its launch, Starfish has steadily added underwriting teams and programs in multiple verticals: Community Associations, Real Estate Investors, Aviation, Staffing/PEO’s and Crisis Response.
Commenting on the capital raise, Hitzig said “We are very excited to welcome Peloton as an investor in the company. It’s an exciting time as we look to scale rapidly. In addition to the capital infusion, Peloton brings a wealth of expertise in the insurance industry and specifically within the MGA space. We are looking forward to working closely with them to execute on our long-term objective of building one of the premier independent MGA’s in our industry.”
Peloton Co-founder and Managing Partner Mike Murray commented “We are pleased to partner with the founding team at Starfish. They’ve built a great foundation with a robust and modern technology platform and strong support from some of the top insurance and reinsurance companies in the program space. Our initial investment and ongoing capital commitment will enable the company to accelerate its growth both organically and through strategic acquisitions.”
About Starfish Specialty Insurance
Based in New York, Starfish Specialty Insurance is a fast-growing independent MGA underwriting admitted and surplus lines programs. They are supported by a panel of high-quality insurers and reinsurers. The company currently offers more than ten products across five verticals: Community Associations, Real Estate Investors, Aviation, Staffing/PEO’s and Crisis Response. For additional information please visit: www.starfishspecialty.com
About Peloton Capital Management
Peloton Capital Management is a private equity firm that utilizes a long-term investment philosophy and sector-focused strategy to partner with founders and management teams to help build exceptional businesses and create attractive returns for our investors. PCM’s primary focus is investing in services businesses within the Healthcare, Financial, and Consumer verticals in North America. Headquartered in Toronto, Canada, PCM was founded and is led by a team with extensive private equity experience. For more information please visit: www.PelotonCapitalManagement.com