M&A Deal Summary

National General Holdings Acquires QBE Investments - National Farmers Union Insurance

On November 13, 2018, National General Holdings acquired insurance company QBE Investments - National Farmers Union Insurance from QBE Investments

Acquisition Highlights
  • This is National General Holdings’ 11th transaction in the Insurance sector.
  • This is National General Holdings’ 13th transaction in the United States.
  • This is National General Holdings’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2018-11-13
Target QBE Investments - National Farmers Union Insurance
Sector Insurance
Buyer(s) National General Holdings
Sellers(s) QBE Investments
Deal Type Divestiture

Target

QBE Investments - National Farmers Union Insurance

Sun Prairie, Wisconsin, United States
QBE Investments (North America), Inc. - National Farmers Union Insurance is a Wisconsin domiciled P&C insurance company that predominantly writes personal and farm auto and farm and homeowners’ insurance in the Midwestern United States.

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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 13 of 13
Sector: Insurance M&A 11 of 11
Type: Divestiture M&A Deals 6 of 6
State: Wisconsin M&A 1 of 1
Country: United States M&A 13 of 13
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 AmTrust Financial Services - Personal Lines Policy Administration System

New York, New York, United States

AmTrust Financial Services, Inc. - Personal Lines Policy Administration System business comprises a business unit which offers personal line insurance products. The asset is located in the United States.

Buy $200M

Seller(S) 1

SELLER

QBE Investments

Sun Prairie, Wisconsin, United States

Category Company
Sector Insurance
DESCRIPTION

QBE Investments (North America), Inc. (QBE North America) is a provider of insurance products.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Wisconsin M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2018 M&A 1 of 1
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.

Sell -