Key Takeaways
- • Altaline Capital Management, a Los Angeles-headquartered private equity firm founded in 2025, has made a strategic growth investment in Risk & Regulatory Consulting (RRC), a Farmington, CT-based consulting provider to US insurance regulators.
- • RRC, founded in 1988 with approximately 160 employees, has worked with 44 states and jurisdictions across financial/IT examinations, market conduct examinations, actuarial services, insolvency support, market studies, and investment analysis.
- • Co-CEOs LeeAnne Creevy and Tricia Matson will continue leading RRC, and the firm will implement a new broad-based employee ownership program.
- • Four new board directors include Sebastian O'Neill and Rafael Telahun from Altaline, plus John Haley, former CEO of Willis Towers Watson, and Ellen Charnley, former president of Marsh Captive Solutions.
- • The investment is Altaline's fourth platform investment in the last twelve months within its compliance, safety, and risk thematic initiative, and will fund credentialed actuary hiring to meet regulatory demand tied to climate, cyber, and AI risks.
Summary
Altaline Capital Management, a Los Angeles-headquartered private equity firm, has made a strategic growth investment in Risk & Regulatory Consulting (RRC), a Farmington, Connecticut-based provider of consulting services to insurance regulators, according to the company's announcement as reported by Consulting.us. Altaline was founded in 2025 and focuses on control-oriented investments in the lower mid-market across tech-enabled services, business services, and financial services. The RRC transaction is the fourth platform investment in the last twelve months within Altaline's compliance, safety, and risk thematic investment initiative.
Founded in 1988, RRC provides actuarial, financial/IT, compliance, and related consulting services to US insurance regulators. The firm has worked with 44 states and jurisdictions on engagements spanning financial/IT examinations and analysis, market conduct examinations, actuarial services, insolvency and receivership support, market studies, and investment analysis. RRC employs approximately 160 people nationwide.
Under the terms of the investment, RRC's leadership, teams, and services will remain unchanged, with LeeAnne Creevy and Tricia Matson continuing as co-CEOs. RRC will also introduce a new, broad-based employee ownership program. Four new directors will join the board: Sebastian O'Neill and Rafael Telahun from Altaline, along with John Haley, former CEO of Willis Towers Watson, and Ellen Charnley, former president of Marsh Captive Solutions.
Sebastian O'Neill, principal at Altaline, said the firm identified the public sector actuarial solutions market as compelling during its investment research and found RRC to possess the attributes Altaline seeks. "Nearly four decades of regulatory relationships, genuine technical depth and national coverage. Very few firms can do this work at the standard regulators now need," O'Neill said. Creevy said the company met the Altaline team at an industry conference and that its growth vision could be accelerated through partnership with Altaline.
The capital will support RRC in adding credentialed actuaries to meet rising demand from insurance regulators confronting challenges related to climate exposure, cyber risk, and artificial intelligence.
Founded in 1988, RRC provides actuarial, financial/IT, compliance, and related consulting services to US insurance regulators. The firm has worked with 44 states and jurisdictions on engagements spanning financial/IT examinations and analysis, market conduct examinations, actuarial services, insolvency and receivership support, market studies, and investment analysis. RRC employs approximately 160 people nationwide.
Under the terms of the investment, RRC's leadership, teams, and services will remain unchanged, with LeeAnne Creevy and Tricia Matson continuing as co-CEOs. RRC will also introduce a new, broad-based employee ownership program. Four new directors will join the board: Sebastian O'Neill and Rafael Telahun from Altaline, along with John Haley, former CEO of Willis Towers Watson, and Ellen Charnley, former president of Marsh Captive Solutions.
Sebastian O'Neill, principal at Altaline, said the firm identified the public sector actuarial solutions market as compelling during its investment research and found RRC to possess the attributes Altaline seeks. "Nearly four decades of regulatory relationships, genuine technical depth and national coverage. Very few firms can do this work at the standard regulators now need," O'Neill said. Creevy said the company met the Altaline team at an industry conference and that its growth vision could be accelerated through partnership with Altaline.
The capital will support RRC in adding credentialed actuaries to meet rising demand from insurance regulators confronting challenges related to climate exposure, cyber risk, and artificial intelligence.
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