M&A Deal Summary |
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Date | 2020-12-17 |
Target | United Property & Casualty Insurance |
Sector | Insurance |
Buyer(s) | HCI |
Sellers(s) | AmCoastal |
Deal Type | Divestiture |
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HCI is a provider of homeowners insurance, reinsurance, real estate and information technology services. HCI was founded in 2006 and is based in Tampa, Florida.
DEAL STATS | # |
---|---|
Overall | 2 of 3 |
Sector (Insurance) | 2 of 3 |
Type (Divestiture) | 1 of 2 |
State (Connecticut) | 1 of 1 |
Country (United States) | 2 of 3 |
Year (2020) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-06-24 |
Prepared Holdings
Tampa, Florida, United States Prepared Holdings, LLC operates as property and casualty insurance holding company. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-12-16 |
United Personal lines Insurance Business
Georgia, United States United Personal lines Insurance Business provides insurance in the states of Georgia, North Carolina, and South Carolina. |
Buy | - |
American Coastal Insurance is a homeowners insurance company provides a diversified book of business in coastal areas from Texas to Maine that is currently writing in eight states and licensed in eighteen states. American Coastal Insurance was founded in 1999 and is based in St. Petersburg, Florida.
DEAL STATS | # |
---|---|
Overall | 1 of 1 |
Sector (Insurance) | 1 of 1 |
Type (Divestiture) | 1 of 1 |
State (Connecticut) | 1 of 1 |
Country (United States) | 1 of 1 |
Year (2020) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-08-17 |
American Coastal Insurance
Sunrise, Florida, United States American Coastal Insurance Co. is a specialty underwriter focused primarily on the commercial residential property insurance market in Florida. ACIC has a long term exclusive agreement with AmRisc, LLC, the largest commercial windstorm MGA in the United States, which serves as the sole managing general agent to source and administer business for ACIC. In 2015, ACIC reported $308.5 million of direct premium written, $36.5 million in after-tax GAAP earnings, and finished the year with $195.8 million of tangible book value. |
Buy | - |