Core Specialty Insurance - M&A Summary, Ownership, and Business Overview

InsuranceCompany

Core Specialty Insurance M&A Summary

Core Specialty Insurance has acquired 3 companies of its own, including 3 in the last 5 years.

Core Specialty Insurance’s largest acquisition to date was in 2022, when it acquired Hallmark E&S for $40M. Core Specialty Insurance has acquired in 3 different US states. The Company’s most targeted sectors include insurance (67%) and business services (34%).

Core Specialty Insurance Ownership

Who owns Core Specialty Insurance?

Core Specialty Insurance is owned by Open Lending. It was acquired on May 13, 2024.

Was Core Specialty Insurance formerly PE-backed?

Yes. Core Specialty Insurance was formerly owned by 3 private investors.

Core Specialty Insurance Business Overview

Where is Core Specialty Insurance headquartered?

Core Specialty Insurance is headquartered in Cincinnati, Ohio.

What sector is Core Specialty Insurance in?

Core Specialty Insurance is an insurance company.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

Core Specialty Insurance

Core Specialty Insurance Holdings, Inc.

201 East 5th St, 1200,
Cincinnati, Ohio 45202
United States,
www.corespecialty.com

Core Specialty Insurance offers a diversified range of property and casualty insurance products for small to midsized businesses. Core Specialty Insurance is based in Cincinnati, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # - - 1 1 1 - 3
vol $40M $40M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
American Surety Co. 2023-11-01 - Add-on Acquisition
Indianapolis, Indiana · www.asc-usi.com
Hallmark E&S 2022-10-07 40M USD Divestiture
Dallas, Texas
Lancer Insurance Co. 2021-04-16 - Merger
Long Beach, New York · www.lancerinsurance.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 2 (67%) 40M (100%) - -
Business Services 1 (33%) - - -
Total 3 $40M - -

By Geo

State/Country Buy Value Sell Value
United States 3 40M - -
  Texas 1 40M - -
  New York 1 - - -
  Indiana 1 - - -
Total 3 $40M - -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
2
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
3

Deal Values

buy # Total
< $100M 1 $40M
TOTAL $40M
Largest Hallmark E&S
$40M (2022-10-07)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
1 (33%)

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