Jason Wolfe is the President and Chief Executive Officer of Mutual Capital Investment Advisors, LLC (“MCIA”), which serves as the investment adviser for Mutual Capital Investment Fund, LP (“MCIF”), an investment fund that is focused principally on providing capital to mutual insurance companies in the U.S. property and casualty insurance segment. Mr. Wolfe is the Chairman of the Board of Frederick Mutual Insurance Company. He has also been a Director of Forge Group, Inc. since its organization in January 2021 and a director of Forge Insurance Company since October 2011. Mr. Wolfe is a founder and Managing Member at Arbor Hills Asset Management, LLC (“Arbor Hills”), a private investment firm.
Prior to founding Arbor Hills, Mr. Wolfe served as a Managing Director at Paragon Capital Group, LLC (“Paragon”), a merchant banking firm that advised and provided growth capital to middle-market businesses in various industries including financial institutions, insurance, real estate, and diversified industrials. Mr. Wolfe joined Paragon in 2010 and specialized in providing merger and acquisition (“M&A”) advisory and capital raising services for insurance companies and other financial services businesses. Prior to joining Paragon, Mr. Wolfe worked at Friedman, Billings, Ramsey & Co. (“FBR”) as a Managing Director in the firm’s Insurance Investment Banking Group, which he joined in 2001. Mr. Wolfe was a founding member of FBR’s Insurance Investment Banking Group, which quickly grew to become a leading provider of corporate finance and M&A advisory services to small and mid-sized insurance companies throughout the United States and Bermuda.
During his career, Mr. Wolfe has advised numerous publicly traded and privately held stock companies as well as companies with alternative corporate structures, such as mutual insurance companies and reciprocal exchanges. Mr. Wolfe led the insurance M&A advisory business at FBR, advising on a wide variety of transactions including related party transactions, negotiated transactions, traditional public company auction transactions, and run-off company transactions, and has served clients on both the buy-side and sell-side. Prior to joining FBR, Mr. Wolfe worked with banks, thrifts and insurance companies in the Financial Institutions Group at McDonald Investments, Inc. (“McDonald”). Over the course of his career, Mr. Wolfe has helped raise over $3.5 billion in equity capital for insurance companies and has advised on over $1.5 billion in insurance company M&A transactions.
Mr. Wolfe has considerable experience advising leading insurance businesses on such matters as capital raising, mergers, acquisitions, and growth initiatives. Mr. Wolfe has significant relationships with executives, consultants, and advisors throughout the insurance industry. Mr. Wolfe has a B.S. in chemical engineering from Case Western Reserve University.
