Trawick Insurance opens Miami headquarters office
A global travel insurance company has moved its headquarters from Fairhope, Alabama, to Miami-Dade County.
Trawick International announced it had relocated to the Sunshine State and opened its new 3,200-square-foot flagship office April 10.
The company's new headquarters is on the 17th floor of the Dadeland Centre, 9155 S. Dadeland Blvd., in Kendall, according to its filing with the Florida Department of State. A Trawick spokesperson told the Business Journal that 10 staff will work out of the office, including its Latin America division's president, medical director, claims director and customer service manager.
'This is more than a change of address; it's a strategic investment in our future," President and CEO Daryl Trawick said. "Miami is a thriving, diverse and internationally connected city that mirrors our company's mission and values. It enables us to deepen our relationships with clients, partners and agents across the globe.'
Founded in 1998, Trawick began by offering insurance plans to universities and students, including coverage for international students and study abroad programs.
After more than a decade, the company expanded into the broader travel insurance market, and today provides a wide range of products including international travel insurance, trip cancellation and interruption coverage, and student insurance plans.
West Palm Beach investment firm raises $500 million
Ares Management was one of the lead investors in a West Palm Beach-based investment firm's $500 million raise.
The Los Angeles-based private equity giant (NYSE: ARES) co-led GoldState Music's raise alongside Northleaf Capital Partners. Individual investment amounts were not disclosed.
Founded in 2022 by Managing Partner Charles Goldstuck, GoldState primarily invests in music rights, in addition to businesses and emerging music technology. The firm currently owns the music rights to over 50 artists across multiple genres, including ownership of one record label.
'Our new relationship with Northleaf and Ares marks the next step in the evolution of our music investing strategy,' Goldstuck said. 'This additional capital will enable us to further accelerate our ability to capitalize on increasing demand for music and build a diversified portfolio of music assets across artists and genres."
Goldstuck's influence in the music industry spans decades. He is the founder of The Sanctuary at Albany, a recording studio and music academy in the Bahamas, and serves as executive chairman of TouchTunes Interactive Networks, a leading digital entertainment platform with over 80,000 locations worldwide.
His past roles include president and COO of Bertelsmann Music Group and co-founder, with Clive Davis, of J Records, which later merged into RCA Music Group. During his tenure in the industry, he worked with top-tier artists including Usher, Justin Timberlake, Britney Spears, Foo Fighters, Maroon 5 and Rod Stewart.
Goldstuck also tapped Grammy-nominated music artist Mike Posner, known for globally recognized hits like "Cooler than Me," "Please Don't Go" and "I took a Pill in Ibiza," as the creative ambassador of GoldState.
'Charles and GoldState Music bring a bold, visionary approach to music rights investment that seeks to empower artists,' said Jeevan Sagoo, managing director at Ares. 'We are excited to collaborate with them and provide Ares' deep sector and investment experience as they advance their long-term growth and value creation strategy.'
Ares, one of the world's largest private equity firms with $525 billion in assets under management, has deepening ties to South Florida. Notably, it was among the first private equity firms to invest in an NFL team, acquiring a 10% stake in the Miami Dolphins following the league's policy shift to allow such investments.
Further cementing its regional presence, Ares opened a 12,000-square-foot office in Miami Beach's Eighteen Sunset building last year, and maintains a 2,000-square-foot workspace at 3801 PGA Blvd. in Palm Beach Gardens.
Ares is also among South Florida's most active real estate investors, with a multimillion-dollar portfolio spanning industrial and other commercial properties.
By the Numbers
67,400
Number of Americans who moved out of Miami-Dade County in 2024
26,300
Broward County's 2024 decline in domestic migration
7,546
Amount of U.S. citizens who left Palm Beach County in 2024
2,200%
Percentage drop in domestic migration outflow in 2024 for Palm Beach County, the largest decline in South Florida
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