We translate emerging products into filing-ready programs, underwriting guidelines, and controls that pass internal, regulatory, and rating-agency scrutiny.

The Headwater Group works with carriers and MGAs to align appetite, governance, and documentation so new lines can scale without surprising the balance sheet.

We validate the quality of tax credit cash flows so they can sit comfortably in institutional capital stacks.

Our work focuses on eligibility, documentation, and durability frameworks that give financiers, buyers, and counterparties confidence the credits will perform as modeled.

We design the warranty, insurance, and capital structures that let real assets grow without blowing up downside risk.

Headwater integrates product, legal, and capital perspectives to build structures that work for sponsors, underwriters, and lenders at the same time.