M&A Deal Summary

Tangram Insurance Services Acquires Preferred Re

On January 17, 2024, Tangram Insurance Services acquired insurance company Preferred Re

Acquisition Highlights
  • This is Tangram Insurance Services’ 4th transaction in the Insurance sector.
  • This is Tangram Insurance Services’ 4th transaction in the United States.
  • This is Tangram Insurance Services’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2024-01-17
Target Preferred Re
Sector Insurance
Buyer(s) Tangram Insurance Services
Deal Type Add-on Acquisition

Target

Preferred Re

Columbia, South Carolina, United States
Preferred Re is a reinsurance broker and consultant working with companies of all sizes, from start-up opportunities to well established insurance and reinsurance companies. Preferred Re has three main practice areas: traditional reinsurance placements, specialty insurance program development for MGAs and MGUs and sourcing capacity for alternative risk entities. Preferred Re was founded in 1983 and is based in Columbia, South Carolina.

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Buyer(S) 1

Buyer

Tangram Insurance Services

Petaluma, California, United States
Category Company
Sector Insurance
DESCRIPTION

Tangram Insurance Services, Inc. is a provider of insurance services. Tangram Insurance Services is based in Petaluma, California.

DEAL STATS #
Overall 4 of 4
Sector (Insurance) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (South Carolina) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 New Empire

Los Angeles, California, United States

New Empire is an insurance agency specializing in the entertainment industry. New Empire was founded in 2008 and is based in Los Angeles, California.

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Mergr

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