M&A Deal Summary

HCC Insurance Holdings Acquires Producers Ag Insurance Group

On January 2, 2015, HCC Insurance Holdings acquired insurance company Producers Ag Insurance Group from Cuna Mutual Investment for 105M USD

Acquisition Highlights
  • This is HCC Insurance Holdings’ 22nd transaction in the Insurance sector.
  • This is HCC Insurance Holdings’ 3rd largest (disclosed) transaction.
  • This is HCC Insurance Holdings’ 17th transaction in the United States.
  • This is HCC Insurance Holdings’ 1st transaction in Texas.

M&A Deal Summary

Date 2015-01-02
Target Producers Ag Insurance Group
Sector Insurance
Buyer(s) HCC Insurance Holdings
Sellers(s) Cuna Mutual Investment
Deal Type Divestiture
Deal Value 105M USD

Target

Producers Ag Insurance Group

Amarillo, Texas, United States
Producers Ag Insurance Group, Inc., is a financially strong and well-capitalized insurance provider.

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Buyer(S) 1

Buyer

HCC Insurance Holdings

Houston, Texas, United States

Category Company
Founded 1974
Sector Insurance
Employees1,933
Revenue 2.7B USD (2013)
DESCRIPTION

HCC Insurance Holdings, Inc. is an insurance holding company comprising property & casualty, accident & health and other specialty insurance businesses


DEAL STATS #
Overall 22 of 24
Sector: Insurance M&A 22 of 24
Type: Divestiture M&A Deals 4 of 4
State: Texas M&A 1 of 1
Country: United States M&A 17 of 19
Year: 2015 M&A 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-09 Rattner MacKenzie

London, United Kingdom

Rattner MacKenzie Ltd. (RML), provides insurance services. Rattner MacKenzie Ltd. places HCC’s reinsurance programs in the London market as well as servicing a number of third-party clients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-21 On Call International

Salem, New Hampshire, United States

On Call International LLC is a provider of fully-customized travel risk management services, including medical evacuation and emergency assistance, to travelers around the world.

Buy -

Seller(S) 1

SELLER

Cuna Mutual Investment

Madison,, Wisconsin, United States

Category Company
Founded 1972
Sector Insurance
DESCRIPTION

Cuna Mutual Investment Corporation provides insurance, brokerage and financial services to credit unions.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
Size (of disclosed) 1 of 1