M&A Deal Summary

Arbol Acquires Centauri Insurance

On April 18, 2024, Arbol acquired insurance company Centauri Insurance from Applied Underwriters

Acquisition Highlights
  • This is Arbol’s 1st transaction in the Insurance sector.
  • This is Arbol’s 1st transaction in the United States.
  • This is Arbol’s 1st transaction in Florida.

M&A Deal Summary
Date 2024-04-18
Target Centauri Insurance
Sector Insurance
Buyer(s) Arbol
Sellers(s) Applied Underwriters
Deal Type Divestiture

Target

Centauri Insurance

Sarasota, Florida, United States
website
Centauri Insurance is a property and casualty insurance company provides catastrophe coverage and for its ability to provide financial protection to its policyholders, through innovative solutions and personalized service. Centauri Insurance was founded in 2006 and is based in Sarasota, Florida.

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Buyer(S) 1

Buyer

Arbol

New York, New York, United States

website

Category Company
Founded 2018
Sector Software
DESCRIPTION

Arbol is a global climate-risk coverage platform and FinTech company offering full-service solutions for any business looking to analyze, manage, and transfer climate risk. Arbol was founded in 2018 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

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 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS 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.

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