Divestiture • Insurance

Everspan Group Acquires 21st Century Pacific Insurance

On January 3, 2022, Everspan Group acquired insurance company 21st Century Pacific Insurance from 21st Century Insurance Group

Acquisition Context
  • This is Everspan Group’s 3rd transaction in the Insurance sector.
  • This is Everspan Group’s 3rd transaction in the United States.
  • This is Everspan Group’s 3rd transaction in Delaware.

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M&A Deal Summary

Date January 3, 2022
Target 21st Century Pacific Insurance
Sector Insurance
Buyer(s) Everspan Group
Sellers(s) 21st Century Insurance Group
Deal Type Divestiture

Target Company

21st Century Pacific Insurance

Wilmington, Delaware, United States
21st Century Pacific Insurance is a provider of property and casualty insurance products. 21st Century Pacific Insurance was founded in 1901 and is based in Wilmington, Delaware.
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Buyer Overview 1

Buyer

Everspan Group

New York, New York, United States

Category Company
Sector Insurance
DESCRIPTION

Everspan Group is a specialty property and casualty insurance platform comprised of Everspan Insurance Company and Providence Washington Insurance Company, admitted insurers, and Everspan Indemnity Insurance Company, a surplus lines insurer. Everspan Group operates nationwide on an admitted and non-admitted basis.


Deal Context for Buyer #
Overall 3 of 3
Sector: Insurance 3 of 3
Type: Divestiture 3 of 3
State: Delaware 3 of 3
Country: United States 3 of 3
Year: 2022 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 21st Century Indemnity Insurance

Wilmington, Delaware, United States

21st Century Indemnity Insurance is an insurance company that specializes in offering auto insurance products to its customers. 21st Century Indemnity Insurance was founded in 1981 and is based in Wilmington, Delaware.

Buy -

Seller Profile 1

SELLER

21st Century Insurance Group

Wilmington, Delaware, United States

Category Company
Founded 1958
Sector Insurance
Employees2,900
DESCRIPTION

21st Century Insurance has been dedicated to providing customers superior coverage and service, while helping them save money on auto insurance.


Deal Context for Seller #
Overall 3 of 3
Sector: Insurance 3 of 3
Type: Divestiture 3 of 3
State: Delaware 3 of 3
Country: United States 3 of 3
Year: 2022 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 21st Century Indemnity Insurance

Wilmington, Delaware, United States

21st Century Indemnity Insurance is an insurance company that specializes in offering auto insurance products to its customers. 21st Century Indemnity Insurance was founded in 1981 and is based in Wilmington, Delaware.

Sell -