M&A Deal Summary

Victor O. Schinnerer & Co. Acquires SeaFire Insurance Services

On December 1, 2014, Victor O. Schinnerer & Co. acquired insurance company SeaFire Insurance Services from Preferred Concepts

Acquisition Highlights
  • This is Victor O. Schinnerer & Co.’s 1st transaction in the Insurance sector.
  • This is Victor O. Schinnerer & Co.’s 1st transaction in the United States.
  • This is Victor O. Schinnerer & Co.’s 1st transaction in Kansas.

M&A Deal Summary

Date 2014-12-01
Target SeaFire Insurance Services
Sector Insurance
Buyer(s) Victor O. Schinnerer & Co.
Sellers(s) Preferred Concepts
Deal Type Divestiture

Target

SeaFire Insurance Services

Overland Park, Kansas, United States
SeaFire specializes in providing auto dealerships and repair shops with property/casualty (P/C) insurance underwriting solutions, including garage liability, property, pollution, auto physical damage, and umbrella liability through several top-rated insurers.

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Buyer(S) 1

Buyer

Victor O. Schinnerer & Co.

Chevy Chase,, Maryland, United States

Category Company
Founded 1946
Sector Insurance
DESCRIPTION

Victor O. Schinnerer & Company, Inc. is one of the largest and most experienced underwriting managers of specialty insurance programs in the world. Schinnerer now serves more than 46,000 insureds in various specialty industries through independent insurance agents and brokers.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Kansas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Preferred Concepts

New York, New York, United States

Category Company
Founded 1989
Sector Insurance
DESCRIPTION

Preferred Concepts LLC is an insurance program underwriter and wholesale broker. The company’s operating divisions include Preferred Concepts, a program administrator; Preferred Underwriting, a program underwriter; Preferred Brokerage, a wholesale broker; and ezumbrella.com, an online umbrella liability program.


DEAL STATS #
Overall 3 of 3
Sector: Insurance M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
State: Kansas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-09 Mercator Risk Services

New York, New York, United States

Mercator Risk Services, a major wholesale broker, specializing in the placement of property, casualty and professional liability lines of business.

Sell -