TriPlus

TriPlus is a wholly owned subsidiary of Davies Group, a global insurance-services platform. Davies Group is majority-owned by BC Partners, with HGGC and the Alberta Investment Management Corporation (AIMCo) holding minority stakes. TriPlus operates under its own management team led by CEO Peter Lucas, with board oversight that includes Matthew Nimetz of General Atlantic.

No. TriPlus does not originate or underwrite new policies. The firm acquires and administers closed blocks of existing long-term-care and life insurance policies — managing the back-office servicing, claims processing, and policyholder relationships that the original carriers no longer wish to handle. It acts as a runoff administrator, not a primary insurer.

Traditional carriers market, underwrite, and price new policies. TriPlus solves the opposite problem — it takes on legacy books that carriers have closed or are liquidating, absorbing the operational complexity of servicing long-duration liabilities. The firm monetizes the administration fee stream and may retain modest reinsurance exposure, but its primary revenue model is fee-for-service, not underwriting margin.

TriPlus operates primarily in the United States, with operational centers in Hopkinton and Springfield, Massachusetts. Through its parent Davies Group, the firm has access to a platform spanning North America, the UK, and Bermuda, though TriPlus's direct policy-administration work is concentrated on domestic US insurance blocks.

TriPlus's operational foundation traces to the liquidation of Penn Treaty Network America, a long-term-care insurer that entered rehabilitation in 2009 and later liquidation in 2017. TriPlus acquired the technology platform and administration contracts for Penn Treaty's policyholders, building its servicing capability on that acquired infrastructure. The Springfield operations center houses the Penn Treaty IT platform.