Lee Equity Partners, a private investment firm focused on financial and healthcare services, has acquired KCIC, a consulting firm specialising in managing complex tort-system liabilities, insurance assets and litigation risk.
The acquisition forms part of Lee Equity’s broader strategy to expand its insurance services platform and strengthen its offering across the global insurance market.
The transaction aims to accelerate KCIC’s growth while strengthening Lee Equity’s insurance services capabilities. By bringing KCIC into its portfolio, Lee Equity intends to enhance the delivery of technology-enabled consulting and risk-management solutions for insurers and corporate clients facing increasingly complex liability and litigation challenges. Note: the financial value of the deal was not disclosed.
KCIC was founded in 2002 and is headquartered in Washington, DC. The company works with corporate clients to help them navigate high-value litigation and insurance-related exposures. It combines consulting expertise with proprietary technology and advanced analytics to support decision-making around liability management and insurance recovery.
The firm provides a range of services spanning traditional consulting and technology-driven platforms. These include insurance policy analysis, liability forecasting and liability allocation services. KCIC also operates its proprietary software platform, Ligado, which enables clients to analyse complex liability portfolios and extract insights from large datasets related to risk and litigation exposure. Alongside its core consulting work, KCIC delivers customised solutions designed to address specific client challenges around data management, risk modelling and dispute resolution.
Lee Equity, meanwhile, is an investment firm that specialises in building platforms across financial and healthcare services. It has developed a strong presence in the insurance sector through investments in specialist service providers that support insurers, brokers and corporate policyholders.
The acquisition further expands Lee Equity’s growing insurance services platform, which includes claims and risk management brands such as McLarens, Halliwell and KCIC. Each of these businesses operates as an independent unit within the platform, allowing them to maintain their own expertise while benefiting from the resources and scale of the broader group.
Lee Equity has a long history of investing in the insurance sector. Its portfolio has included specialty insurance services companies such as Captive Resources, K2 Insurance, Simplicity Group, Axis Insurance and Arcadian Risk Capital, reflecting the firm’s ongoing focus on businesses that help insurers manage risk, claims and operational complexity.
Lee Equity partner Mark Mauceri said, “The expansion of our Insurance Services platform reflects our conviction in the growing importance of expert-driven claims and risk management across the global insurance industry. As risk becomes increasingly more complex and expensive, clients demand deeper insight into risk exposure, innovative claims solutions, and proactive mitigation strategies. KCIC’s combination of complex litigation expertise and industry-leading technology positions the Company exceptionally well to capitalize on these trends, and we look forward to supporting its continued growth.”
KCIC president Jonathan Terrell said, “This transaction represents a significant investment in KCIC’s future, providing the capital and operational scale to accelerate our strategic growth. We are delighted to join the Lee Equity Insurance Services portfolio companies while continuing to serve our clients with the independence and core values that have long defined our brand.”
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