FORT WAYNE, Ind.— Aug 3, 2026 — DOXA today announces it has acquired LimitFi, a leading capital and credit-risk insurance platform specializing in default-risk transfer and alternative credit solutions, including non-payment insurance. Aligning with DOXA’s continued growth strategy, the LimitFi acquisition expands DOXA’s portfolio of niche insurance offerings. The move also strengthens the company’s capabilities across insurance, banking, private credit, structured finance and capital markets.
LimitFi connects banks and lenders seeking capital relief and risk transfer with insurance and reinsurance capital providers while focusing on higher-value specialty transactions in often underserved markets.
“LimitFi’s experience and strength in structured credit markets contribute well to our continued strategic expansion of specialty insurance Managing General Agents (MGAs),” said Kevin Wall, President of DOXA. “LimitFi co-founders Adam Budnick, Zach Smith and their team have built deep expertise in credit risk transfer, and we look forward to supporting the next phase of their growth.”
Founded by Budnick and Smith, LimitFi brings an experienced team with extensive backgrounds in credit insurance, private capital and structured finance to DOXA. The organization is supported by specialists in credit, analytics, and portfolio management.
“As our leadership team discussed how we want to evolve LimitFi, we knew it would take a unique partner to help us get there,” said Budnick. “DOXA is exactly that partner, with an impressive track record in supporting niche MGAs in achieving their growth potential.”
Following the acquisition, Budnick and Smith will continue to lead LimitFi, as Co-Presidents of the business. LimitFi employees will also remain in place to further support the company’s continued growth.
LimitFi is another in a series of strategic acquisitions by DOXA as it expands its presence and market strength among niche insurance products. LimitFi follows DOXA’s most recent acquisition of Jupiter Underwriting Group, which was announced in April 2026.
ABOUT DOXA
DOXA is an award-winning specialty insurance platform that acquires and grows niche-market focused insurance program administrators, underwriting and program distribution companies including MGAs, MGUs, brokers and direct-to-consumer operators. DOXA delivers centralized sales, marketing, underwriting and operational support services to help companies maximize their growth potential. DOXA offers hundreds of custom specialty insurance programs in support of more than 20,000 agent-broker relationships in all 50 states. For more information, visit www.DOXA.com.
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