M&A Deal Summary

Applied Underwriters Acquires Alaska Timber Insurance Exchange

On August 23, 2021, Applied Underwriters acquired insurance company Alaska Timber Insurance Exchange

Acquisition Highlights
  • This is Applied Underwriters’ 6th transaction in the Insurance sector.
  • This is Applied Underwriters’ 5th transaction in the United States.
  • This is Applied Underwriters’ 1st transaction in Alaska.

M&A Deal Summary
Date 2021-08-23
Target Alaska Timber Insurance Exchange
Sector Insurance
Buyer(s) Applied Underwriters
Deal Type Add-on Acquisition

Target

Alaska Timber Insurance Exchange

Ketchikan, Alaska, United States
Alaska Timber Insurance Exchange was formed by members of the Alaska Loggers Association, which is now the Alaska Forest Association. ATIE's membership includes a diverse group of employers located throughout Alaska. AM Best has issued a Financial Strength Rating of 'A-' (Excellent) and Issuer Credit Rating of 'a-' to Alaska Timber Insurance Exchange. Alaska Timber Insurance Exchange was formed in 1980 and is based in Ketchikan, Alaska.

Search 192,611 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Applied Underwriters

Omaha, Nebraska, United States

website

Category Company
Founded 1994
Sector Insurance
DESCRIPTION

Applied Underwriters designs financial services and workers' compensation solutions to meet the real needs of small and mid-sized businesses nationwide. With insurance carriers rated 'A' by A.M. Best Company and as part of the Berkshire Hathaway family, we offer rock-solid workers' compensation coverage along with some of the hardest-working products and services available on the market today.

DEAL STATS #
Overall 6 of 7
Sector (Insurance) 6 of 7
Type (Add-on Acquisition) 5 of 5
State (Alaska) 1 of 1
Country (United States) 5 of 6
Year (2021) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Assicurazioni Generali - US Specialty Lines Division

New York, New York, United States

Assicurazioni Generali's US Specialty Lines Division also includes Generali Warranty Services LLC, a fully licensed obligor that provides services for warranty programs. Assicurazioni Generali's US Specialty Lines Division is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 Catlin Specialty Insurance

Stamford, Connecticut, United States

Catlin Insurance Company operates as an insurance company that offers casualty, professional, property, construction, and specialty insurance services.

Buy -
Mergr

Product

Company

Legal