Divestiture • Insurance

Wright National Flood Insurance Acquires UPC Insurance - Flood Insurance Policy Book

On June 14, 2022, Wright National Flood Insurance acquired insurance company UPC Insurance - Flood Insurance Policy Book from United Property & Casualty Insurance Co.

Acquisition Context
  • This is Wright National Flood Insurance’s 1st transaction in the Insurance sector.
  • This is Wright National Flood Insurance’s 1st transaction in the United States.
  • This is Wright National Flood Insurance’s 1st transaction in Connecticut.

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M&A Deal Summary

Date June 14, 2022
Target UPC Insurance - Flood Insurance Policy Book
Sector Insurance
Buyer(s) Wright National Flood Insurance
Sellers(s) United Property & Casualty Insurance Co.
Deal Type Divestiture

Target Company

UPC Insurance - Flood Insurance Policy Book

Connecticut, United States
UPC Insurance's Flood Insurance Policy Book includes insurance services in Connecticut.
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Buyer Overview 1

Buyer

Wright National Flood Insurance

St. Petersburg, Florida, United States

Category Company
Sector Insurance
DESCRIPTION

Wright National Flood Insurance is a flood insurance provider. Wright National Flood Insurance is based in St. Petersburg, Florida.


Deal Context for Buyer #
Overall 1 of 2
Sector: Insurance 1 of 2
Type: Divestiture 1 of 1
State: Connecticut 1 of 1
Country: United States 1 of 2
Year: 2022 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-24 CATcoverage

Salt Lake City, Utah, United States

CATcoverage is an internet-based, private insurance facility designed to provide producers with fast, easy, and efficient access to Flood, Earthquake, and Landslide insurance for risks located within the United States (earthquake not available in California). CATcoverage is based in Salt Lake City, 84106, Utah.

Buy -

Seller Profile 1

SELLER

United Property & Casualty Insurance Co.

Connecticut, United States

Category Company
Sector Insurance
DESCRIPTION

United Property & Casualty Insurance Co. operates an insurance business in the states of Connecticut, New Jersey, Massachusetts, and Rhode Island.


Deal Context for Seller #
Overall 2 of 2
Sector: Insurance 2 of 2
Type: Divestiture 2 of 2
State: Connecticut 1 of 1
Country: United States 2 of 2
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 United Personal lines Insurance Business

Georgia, United States

United Personal lines Insurance Business provides insurance in the states of Georgia, North Carolina, and South Carolina.

Sell -