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Mergers & Acquisitions

Acquisitions

 

Insurance Underwriter Deals

Target Seller Sector Announce Date Status Deal Value ($ M) LTM Revenue ($ 000)
American Access Casualty Company Property & Casualty 11/23/2020 Completed on 4/1/2021 370.00 NA
Infinity Property and Casualty Corporation Property & Casualty 2/13/2018 Completed On 7/2/2018 1,559.49 2,473,411
Alliance United Group
Platinum Group of Companies		 Property & Casualty 12/11/2014 Completed On 4/30/2015 70.30 NA
Rights of Kemper
Lumbermens Mutual Casualty Company		 Property & Casualty 6/29/2010 Completed On 6/29/2010 NA NA
Direct Response Corporation Property & Casualty 9/2/2008 Completed On 2/13/2009 201.55 NA
Primesco, Inc. Life & Health 11/12/2007 Completed On 4/1/2008 95.30 NA
Merastar Industries, Limited
Private Investor - John J. Byrne		 Property & Casualty 3/2/2007 Completed On 6/29/2007 47.19 NA
General Security Property and Casualty Company
SCOR		 Property & Casualty 12/31/2002 Completed On 12/31/2002 NA NA
General Security Insurance Company
SCOR		 Property & Casualty 12/31/2002 Completed On 12/31/2002 NA NA
Kemper Ins. Cos. Individual & Family Group
Lumbermens Mutual Casualty Company		 Property & Casualty 4/12/2002 Completed On 6/28/2002 NA NA
MasterCare Insurance Company of New York
MasterCare Companies, Inc.		 Life & Health 4/19/2001 Completed On 4/19/2001 0.71 NA
Valley Group, Inc.
White Mountains Insurance Group, Inc.		 Property & Casualty 2/10/1999 Completed On 6/17/1999 139.00 NA
NationalCare Insurance Company Life & Health 7/13/1998 Completed On 9/30/1998 98.50 NA
Reliable Life Insurance Company Life & Health 5/7/1997 Completed On 5/29/1998 261.10 629,648

 

Sales / Divestitures

 

Insurance Underwriter Deals

Target Seller Sector Announce Date Status Deal Value ($ M) LTM Revenue ($ 000)
Reserve National Insurance Company Life & Health 8/1/2022 Completed On 12/1/2022 90 180M
Assets of Trinity Universal Insurance Co.
Undisclosed buyer		 Property & Casualty 6/30/2015 Completed On 6/30/2015 NA NA
Valley Insurance Company
Quálitas Controladora, S.A.B. de C.V.		 Property & Casualty 3/14/2014 Completed On 3/14/2014 9.15 NA
Response Indemnity Company of California
Fortegra Financial Corporation		 Property & Casualty 8/15/2012 Completed On 2/1/2013 4.80 NA
Response Indemnity Company
Millville Mutual Insurance Company		 Property & Casualty 6/30/2010 Completed On 9/1/2010 4.32 NA
Reserve National Insurance Company
Physicians Mutual Insurance Company		 Life & Health 2/22/2010 Terminated NA NA
Unitrin Business Insurance
AmTrust Financial Services, Inc.		 Property & Casualty 12/10/2007 Completed On 6/1/2008 87.99 NA
Mountain Valley Indemnity Company
Motor Club of America		 Property & Casualty 12/16/1999 Completed On 3/1/2000 7.50 NA
Pyramid Life Insurance Company
Ceres Group, Inc.		 Life & Health 10/7/1999 Completed On 7/26/2000 42.50 NA

 

Insurance Broker Deals

Target Buyer Announce Date Status Deal Value ($ M) LTM Revenue ($ 000)
Southern States General Agency, Inc.
Delek Group Ltd.		 7/9/2007 Completed On 7/9/2007 4.00 NA

 

Specialty Finance Portfolio Deals


Target Buyer Announce Date Status Deal Value ($ M) Target Net Receivables($ 000)
Automobile receivables
Undisclosed buyer		 3/9/2012 Completed On 3/9/2012 16.70 282,838
Active loan portfolio of Fireside Bank
Consumer Portfolio Services, Inc.		 8/8/2011 Completed On 9/14/2011 222.87 237,100