# TriPlus

TriPlus is an Insurance based in Hopkinton, United States.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Hopkinton, United States
- **Region:** North America
- **Address:** 35 Parkwood Drive, Suite 150, Hopkinton, MA 01748, United States
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** triplus.com
- **LinkedIn:** https://www.linkedin.com/company/triplus

## Regulatory record

- **Reports private funds:** No

## About

TriPlus is a third-party administrator of long-term care insurance. It was acquired by Davies Group on September 21, 2020.

## Sectors

- Insurance
- Private Credit
- Real Estate

## Offices

- Springfield, MA, United States

## People

- Peter Lucas — Chief Executive Officer, TriPlus Services
- Laura Moore — Chief Commercial Officer, TriPlus Services
- Matthew Nimetz — Director, TriPlus Services, Inc.; Advisory Director, General Atlantic

## Questions

### Who owns TriPlus and how is it governed?

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.

### Does TriPlus underwrite new insurance policies?

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.

### What geographies does TriPlus cover?

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.

### What is TriPlus's relationship with Penn Treaty?

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.

## Related profiles

- [Tripletail Wealth Management](https://altss.com/profile/tripletail-wealth-management)
- [Trippon Wealth Management Group](https://altss.com/profile/trippon-wealth-management-group)

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Last updated: 2026-06-03T20:00:00.000Z

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