On December 17, 2025, Starfish Specialty Insurance announced that it entered into a partnership with Peloton Capital Management to support its growth trajectory and position the company to make strategic acquisitions. The investment will give Peloton a significant minority stake in the company alongside the founders.

Starfish Specialty Insurance is a fast-growing independent MGA underwriting admitted and surplus lines programs. It currently offers more than ten products across five verticals: Community Associations, Real Estate Investors, Aviation, Staffing/PEO’s and Crisis Response.

Peloton Capital Management is a Toronto-based private investment firm that utilizes a long-term investment philosophy and sector-focused strategy to partner with founders and management teams to help build exceptional businesses and create attractive returns for investors.

Torys acted as counsel to Peloton Capital Management with a team that included Stefan Stauder, Heding Yang, Alastair Smith and Isabella Picui (corporate/M&A) and Ellie Kang (employment).