M&A Deal Summary

Independent Insurance Investments Acquires Omni Insurance Group

On December 5, 2006, Independent Insurance Investments acquired insurance company Omni Insurance Group from The Hartford Financial Services Group

Acquisition Highlights
  • This is Independent Insurance Investments’ 1st transaction in the Insurance sector.
  • This is Independent Insurance Investments’ 1st transaction in the United States.
  • This is Independent Insurance Investments’ 1st transaction in Georgia.

M&A Deal Summary

Date 2006-12-05
Target Omni Insurance Group
Sector Insurance
Buyer(s) Independent Insurance Investments
Sellers(s) The Hartford Financial Services Group
Deal Type Divestiture

Target

Omni Insurance Group

Atlanta, Georgia, United States
Omni Insurance Group, Inc. is a provider of insurance products and services.

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Buyer(S) 1

Buyer

Independent Insurance Investments

Conshohocken, Pennsylvania, United States

Category Company
Sector Insurance
DESCRIPTION

Independent Insurance Investments, Inc. is a provider of non-standard automobile insurance. Independent Insurance Investments is based in Conshohocken, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

SELLER

The Hartford Financial Services Group

Hartford, Connecticut, United States

Category Company
Founded 1810
Sector Insurance
Employees18,700
Revenue 26.4B USD (2024)
DESCRIPTION

The Hartford Financial Services Group is a provider of property and casualty insurance, group benefits and mutual funds. The Hartford Financial Services Group was founded in 1810 and is based in Hartford, Connecticut.


DEAL STATS #
Overall 2 of 8
Sector: Insurance M&A 2 of 8
Type: Divestiture M&A Deals 2 of 8
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 5
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-09 Hart Life Insurance Co.

Stamford, Connecticut, United States

Hart Life Insurance Co. provides life insurance services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-03 Trumbull Services

Hartford, Connecticut, United States

Trumbull Services LLC is a specialized service provider to the insurance industry, and possesses particular expertise in subrogation, premium collection and policy administration.

Sell -