M&A Deal Summary

Global Indemnity Acquires American Reliable Insurance

On October 17, 2014, Global Indemnity acquired insurance company American Reliable Insurance from Assurant Specialty Property for 114M USD

Acquisition Highlights
  • This is Global Indemnity’s 2nd transaction in the Insurance sector.
  • This is Global Indemnity’s largest (disclosed) transaction.
  • This is Global Indemnity’s 1st transaction in the United States.
  • This is Global Indemnity’s 1st transaction in Arizona.

M&A Deal Summary
Date 2014-10-17
Target American Reliable Insurance
Sector Insurance
Buyer(s) Global Indemnity
Sellers(s) Assurant Specialty Property
Deal Type Divestiture
Deal Value 114M USD

Target

American Reliable Insurance

Scottsdale, Arizona, United States
American Reliable Insurance writes specialty personal lines and agricultural property and casualty insurance through a network of general and independent agents. Company product lines include manufactured housing, watercraft, recreational vehicles, farm and ranch, and federal flood insurance.

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Buyer(S) 1

Buyer

Global Indemnity

Bala Cynwyd, Pennsylvania, United States
Category Company
Founded 2003
Sector Insurance
Employees266
Revenue 528M USD (2023)
DESCRIPTION

Global Indemnity is a provider of insurance and reinsurance products and services to meet the needs of a diverse customer base. Global Indemnity was founded in 2003 and is based in Bala Cynwyd, Pennsylvania.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-02 United America Indemnity

Grand Cayman, Cayman Islands

United America Indemnity Ltd. is a national and international provider of excess and surplus lines and specialty property and casualty insurance and reinsurance, both on an admitted and non-admitted basis.

Buy -

Seller(S) 1

SELLER

Assurant Specialty Property

Atlanta, Georgia, United States
Category Company
Sector Insurance
DESCRIPTION

Assurant Specialty Property partners with industry leaders in mortgage lending, manufactured housing, renter's insurance and other niche insurance markets to protect client and consumer property.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Field Asset Services

Austin, Texas, United States

Field Asset Services works with more than 25 mortgage servicing, asset management and investor clients and provides comprehensive property services through a nationwide network of contractor resources.

Buy $55M
Mergr

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