M&A Deal Summary

RLI Acquires Rockbridge Underwriting Agency

On November 5, 2012, RLI acquired insurance company Rockbridge Underwriting Agency

Acquisition Highlights
  • This is RLI’s 2nd transaction in the Insurance sector.
  • This is RLI’s 2nd transaction in the United States.
  • This is RLI’s 1st transaction in Texas.

M&A Deal Summary

Date 2012-11-05
Target Rockbridge Underwriting Agency
Sector Insurance
Buyer(s) RLI
Deal Type Add-on Acquisition

Target

Rockbridge Underwriting Agency

Houston, Texas, United States
Rockbridge Underwriting Agency Ltd. is a managing general agency specializing in medical malpractice insurance. Rockbridge offers coverage in all 50 states through a network of retail and wholesale brokers.

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Buyer(S) 1

Buyer

RLI

Peoria, Illinois, United States

Category Company
Founded 1965
Sector Insurance
Employees1,147
Revenue 1.8B USD (2024)
DESCRIPTION

RLI is a specialty insurance company offers a diversified portfolio of property and casualty coverages and surety bonds serving niche or underserved markets. RLI was founded in 1965 and is based in Peoria, Illinois.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-22 Contractors Bonding And Insurance Co.

Peoria, Illinois, United States

Contractors Bonding And Insurance Co. is a insurance company specializing in surety bonds and related niche property and casualty insurance products. CBIC serves over 30,000 contractors and over 4,000 insurance agents and brokers nationwide. CBIC operates 13 regional branch offices and is considered a leading writer of contractor license bonds in the Northwest.

Buy $137M