M&A Deal Summary

National General Holdings Acquires Assigned Risk Solutions

On April 1, 2015, National General Holdings acquired insurance company Assigned Risk Solutions from Kingsway Financial Services for 47M USD

Acquisition Highlights
  • This is National General Holdings’ 4th transaction in the Insurance sector.
  • This is National General Holdings’ 4th largest (disclosed) transaction.
  • This is National General Holdings’ 4th transaction in the United States.
  • This is National General Holdings’ 1st transaction in New York.

M&A Deal Summary
Date 2015-04-01
Target Assigned Risk Solutions
Sector Insurance
Buyer(s) National General Holdings
Sellers(s) Kingsway Financial Services
Deal Type Divestiture
Deal Value 47M USD

Target

Assigned Risk Solutions

Bethpage, New York, United States
Assigned Risk Solutions Ltd. is a full service managing general agency that services assigned risk auto, private passenger auto and commercial lines of business. ARS also offers a comprehensive suite of claims, investigative, and cost containment services that are cost effective and complementary to client companies.

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Buyer(S) 1

Buyer

National General Holdings

New York, New York, United States
Category Company
Founded 1939
Sector Insurance
Employees8,440
Revenue 5.2B USD (2019)
DESCRIPTION

National General Holdings Corp. is a specialty personal lines insurance holding company that provides personal and commercial automobile, recreational vehicle, motorcycle, homeowners, supplemental health, and other niche insurance products. National General Holdings was founded in 1939 and is based in New York, New York.

DEAL STATS #
Overall 4 of 13
Sector (Insurance) 4 of 11
Type (Divestiture) 1 of 6
State (New York) 1 of 2
Country (United States) 4 of 13
Year (2015) 2 of 3
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-26 Healthcare Solutions Team

Lombard, Illinois, United States

Healthcare Solutions Team, Inc. is a provider of health insurance coverage. HST offers an array of coverages including: short-term medical coverage; critical illness plans; dental insurance; Medicare supplements and life insurance; simple Health Savings Accounts (HSA); small business, self-employed and group health care; and major medical plans for individuals and families.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-15 QBE North America - Lender-Placed Insurance Business

United States

QBE North America - Lender-Placed Insurance Business includes loan-tracking systems and technology, client servicing accounts, intellectual property, and vendor relationships.

Buy -

Seller(S) 1

SELLER

Kingsway Financial Services

Chicago, Illinois, United States
Category Company
Founded 1989
Sector Consumer Services
Employees397
Revenue 108M USD (2023)
DESCRIPTION

Kingsway Financial Services is a holding company that owns or controls subsidiaries primarily in the extended warranty and business services industries. Kingsway Financial Services was formed in 1989 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 2
Type (Divestiture) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-22 Trinity Warranty

Itasca, Illinois, United States

Trinity Warranty, Inc. is an industry leading Extended Service Agreement (ESA) Provider that provides risk management solutions to HVAC/R industry manufacturers, distributors, dealers and consumers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-19 CMC Industries

Santa Clara, California, United States

CMC Industries, Inc. is a manufacturer of telecommunications equipment, personal computers, computer peripherals and subassemblies, and printed circuit board assemblies.

Buy $2M
Mergr

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