M&A Deal Summary

Great American Insurance Co. Acquires Service Lloyds Insurance Co. - Texas Nonsubscription Insurance Business

On May 10, 2016, Great American Insurance Co. acquired insurance company Service Lloyds Insurance Co. - Texas Nonsubscription Insurance Business from Service Lloyds Insurance Co.

Acquisition Highlights
  • This is Great American Insurance Co.’s 2nd transaction in the Insurance sector.
  • This is Great American Insurance Co.’s 2nd transaction in the United States.

M&A Deal Summary

Date 2016-05-10
Target Service Lloyds Insurance Co. - Texas Nonsubscription Insurance Business
Sector Insurance
Buyer(s) Great American Insurance Co.
Sellers(s) Service Lloyds Insurance Co.
Deal Type Divestiture

Target

Service Lloyds Insurance Co. - Texas Nonsubscription Insurance Business

United States
Service Lloyds Insurance Co., Inc. - Texas Nonsubscription Insurance Business provides worker compensation coverage solutions.

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Buyer(S) 1

Buyer

Great American Insurance Co.

Cincinnati, Ohio, United States

Category Company
Founded 1872
Sector Insurance
DESCRIPTION

Great American Life Insurance Co. is a provider of property and casualty insurance (“P&C”), focusing on specialized commercial products for businesses. Great American Life Insurance was founded in 1872 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-05 National Interstate

Richfield,, Ohio, United States

National Interstate Corp.is a specialty property and casualty insurance holding company offer more than 30 different insurance products, including traditional insurance,innovative alternative risk transfer (ART) programs for commercial companies and insurance for specialty vehicle owners.

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Seller(S) 1

SELLER

Service Lloyds Insurance Co.

Austin, Texas, United States

Category Company
Founded 1982
Sector Insurance
DESCRIPTION

Service Lloyds Insurance Co., Inc. is a provider of insurance services to workers.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-20 American Healthcare Indemnity Co.

Napa, California, United States

American Healthcare Indemnity Co. is a provider of insurance services. American Healthcare Indemnity is based in Napa, California.

Buy -