Via phone. Per article
…Viceroy was formed with 500,000 shares of common stock, with Monarch holding 90,000 of those shares. Hale Partnership Capital Management will hold another 10,000 shares, the consent order notes.
Hale Partnership, a hedge fund based in Charlotte, is led by Steven Hale, who became president of Monarch National in 2022 when his investment fund pumped $15 million into Monarch. Monarch was a subsidiary of FedNat, which went through restructuring that year and eventually was deemed insolvent. FedNat was liquidated in September 2022, becoming one of a dozen Florida insurers to go under during the worst of the Florida property insurance litigation crisis.
Hale Partnership became the majority owner of Monarch in May 2022, and Monarch assumed about 83,000 of FedNat’s Florida policies.
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