{"id":15097,"date":"2024-11-15T10:00:43","date_gmt":"2024-11-15T05:00:43","guid":{"rendered":"https:\/\/www.insurance-advocate.com\/?p=15097"},"modified":"2024-12-17T15:27:36","modified_gmt":"2024-12-17T10:27:36","slug":"cornerstone-financing-announces-285-million-financing-from-aquiline-and-nomura","status":"publish","type":"post","link":"https:\/\/www.insurance-advocate.com\/2024\/11\/15\/cornerstone-financing-announces-285-million-financing-from-aquiline-and-nomura\/","title":{"rendered":"Cornerstone Financing announces $285 million financing from Aquiline and Nomura"},"content":{"rendered":"<p class=\"p1\"><em><strong>Investment backs CHEIFS, a new funding solution converting home equity into advisor-driven financial solutions<\/strong><\/em><\/p>\n<p class=\"p1\">Bloomfield, NJ, October 29, 2024\u00a0\u2013 Cornerstone Financing, an insurance and investment funding company, has secured $285 million in aggregate financing through global finance investment firms Aquiline Capital Partners LP (\u201cAquiline\u201d) and Nomura.<\/p>\n<p class=\"p1\">\u00a0The financing supports the expansion of CHEIFS (Cornerstone Home Equity Insurance\/Investment Funding Solutions), Cornerstone\u2019s transformational funding solution that allows homeowners to sell a fraction of their home for cash to fund insurance, annuities, long-term care, and other financial and life planning options.<\/p>\n<p class=\"p2\"><span class=\"s2\"><i>\u00a0<\/i><\/span>\u201cPartnering with these prestigious institutions affirms our commitment to providing advisors with innovative home equity solutions,\u201d said Daniel Anderson, co-founder of Cornerstone. \u201cWith streamlined distribution through our network of advisors, Cornerstone, through its CHEIFS program, offers a uniquely efficient model that maximizes value and enhances advisor-client financial planning strategies.\u201d<\/p>\n<p class=\"p1\">\u00a0A new funding solution for insurance and financial advisors, CHEIFS revolutionizes the home equity landscape by augmenting the evolving financial toolkit for advisors and homeowners.<\/p>\n<p class=\"p1\">\u00a0Currently operating in Arizona, California, Florida, and Pennsylvania, Cornerstone intends to expand nationally, supported by the $285 million financing and is actively seeking to expand its distribution partnerships.<\/p>\n<p class=\"p1\">\u00a0\u201cWe are proud to support Cornerstone in the expansion of CHEIFS,\u201d said Timothy Gravely, Partner and Head of Credit for Aquiline. \u201cThis product addresses a critical gap we observed through our participation in the insurance market, and we are excited to back the solution.\u201d<\/p>\n<p class=\"p3\"><strong><em><span class=\"s3\">About Cornerstone Financing:<\/span><\/em><\/strong><\/p>\n<p class=\"p4\"><em><span class=\"s3\">Cornerstone Financing\u00a0empowers homeowners to access home equity to plan for a better financial future. Founded by Craig Corn and Daniel Anderson, Cornerstone merges structured finance and insurance wholesale distribution through its innovative product,\u00a0CHEIFS, to utilize previously untapped home equity to enable superior estate, insurance, and investment planning through trusted advisors.<\/span><\/em><\/p>\n<p class=\"p4\"><em><span class=\"s3\">For more information about its foundational solution, CHEIFS, visit\u00a0www.cheifs.com.<\/span><\/em><\/p>\n<p class=\"p3\"><strong><em><span class=\"s3\">About Aquiline Capital Partners LP:<\/span><\/em><\/strong><\/p>\n<p class=\"p4\"><em><span class=\"s3\">Aquiline is a private investment firm based in New York, London, Philadelphia, and Greenwich, Connecticut, that is dedicated to financial services and technology. As of June 30, 2024, Aquiline has approximately $10.8 billion of assets under management and has deployed approximately $7.0 billion of capital across the firm\u2019s three strategies in private equity, venture capital, and credit.<\/span>\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment backs CHEIFS, a new funding solution converting home equity into advisor-driven financial solutions Bloomfield, NJ, October 29, 2024\u00a0\u2013 Cornerstone Financing, an insurance and investment funding company, has secured $285 million in aggregate financing through global finance investment firms Aquiline Capital Partners LP (\u201cAquiline\u201d) and Nomura. \u00a0The financing supports the expansion of CHEIFS (Cornerstone Home [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[479,494],"tags":[462],"class_list":["post-15097","post","type-post","status-publish","format-standard","hentry","category-479","category-november-2024","tag-agencies","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/posts\/15097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/comments?post=15097"}],"version-history":[{"count":1,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/posts\/15097\/revisions"}],"predecessor-version":[{"id":15099,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/posts\/15097\/revisions\/15099"}],"wp:attachment":[{"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/media?parent=15097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/categories?post=15097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/tags?post=15097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}