M&A Deal Summary

National Indemnity Co. Acquires MLMIC Insurance Company

On July 18, 2016, National Indemnity Co. acquired insurance company MLMIC Insurance Company

Acquisition Highlights
  • This is National Indemnity Co.’s 2nd transaction in the Insurance sector.
  • This is National Indemnity Co.’s 2nd transaction in the United States.
  • This is National Indemnity Co.’s 1st transaction in New York.

M&A Deal Summary

Date 2016-07-18
Target MLMIC Insurance Company
Sector Insurance
Buyer(s) National Indemnity Co.
Deal Type Add-on Acquisition
Advisor(s) Keefe, Bruyette & Woods (Financial)
Willkie Farr & Gallagher (Legal)

Target

MLMIC Insurance Company

New York, New York, United States
MLMIC Insurance Company is an underwriter of medical professional liability insurance. MLMIC provides quality professional liability insurance to physicians, dentists, hospitals and other healthcare professionals at the lowest possible cost consistent with fiscal responsibility. MLMIC Insurance Company is based in New York, New York.

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Buyer(S) 1

Buyer

National Indemnity Co.

Omaha, Nebraska, United States

Category Company
Founded 1940
Sector Insurance
DESCRIPTION

National Indemnity Co. is a provider of property and casualty insurance products. National Indemnity Co. was formed in 1940 and is based in Omaha, Nebraska.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-26 Berkshire Hathaway GUARD

Wilkes-Barre, Pennsylvania, United States

Berkshire Hathaway GUARD is a provider of property and casualty insurance. The Company was formed in 1982 and is based in Wilkes-Barre, Pennsylvania.

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