M&A Deal Summary

National General Holdings Acquires Century-National Insurance

On January 25, 2016, National General Holdings acquired insurance company Century-National Insurance for 315M USD

Acquisition Highlights
  • This is National General Holdings’ 6th transaction in the Insurance sector.
  • This is National General Holdings’ largest (disclosed) transaction.
  • This is National General Holdings’ 6th transaction in the United States.
  • This is National General Holdings’ 1st transaction in California.

M&A Deal Summary
Date 2016-01-25
Target Century-National Insurance
Sector Insurance
Buyer(s) National General Holdings
Deal Type Add-on Acquisition
Deal Value 315M USD

Target

Century-National Insurance

Van Nuys, California, United States
Century-National Insurance Co. is predominantly underwrites homeowners, personal auto, and commercial auto liability, but also offers fire and allied lines, earthquake, and commercial multi-peril coverages

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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 6 of 13
Sector (Insurance) 6 of 11
Type (Add-on Acquisition) 4 of 7
State (California) 1 of 3
Country (United States) 6 of 13
Year (2016) 1 of 4
Size (of disclosed) 1 of 4
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-27 Standard Mutual Insurance

Springfield, Illinois, United States

Standard Mutual Insurance Co. is a property and casualty underwriter.

Buy -
Mergr

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