M&A Deal Summary

Zurich American Insurance Acquires Rural Community Insurance Agency

On December 18, 2015, Zurich American Insurance acquired insurance company Rural Community Insurance Agency from Wells Fargo for 675M USD

Acquisition Highlights
  • This is Zurich American Insurance’s 1st transaction in the Insurance sector.
  • This is Zurich American Insurance’s largest (disclosed) transaction.
  • This is Zurich American Insurance’s 1st transaction in the United States.
  • This is Zurich American Insurance’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2015-12-18
Target Rural Community Insurance Agency
Sector Insurance
Buyer(s) Zurich American Insurance
Sellers(s) Wells Fargo
Deal Type Add-on Acquisition
Deal Value 675M USD

Target

Rural Community Insurance Agency

Anoka, Minnesota, United States
Rural Community Insurance Agency, Inc. is a provider of federal crop insurance programs including multi-peril (“MPCI”) and other private crop insurance products.

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Buyer(S) 1

Buyer

Zurich American Insurance

Schaumburg, Illinois, United States
Category Company
Founded 1912
Sector Insurance
DESCRIPTION

Zurich American Insurance Co. is a commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, specialties and programs sectors.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 SIS

Plano, Texas, United States

SIS is a Texas-based program manager whose offerings include gap medical and occupational accident insurance products. SIS has capabilities to develop, underwrite, distribute and administer specialty insurance products for small- and midsize employers. SIS was founded in 1987 and is based in Plano, Texas.

Buy -

Seller(S) 1

SELLER

Wells Fargo

San Francisco, California, United States
Category Company
Founded 1852
Sector Financial Services
Employees222,544
Revenue 82.6B USD (2023)
DESCRIPTION
Wells Fargo's corporate headquarters in downtown San Francisco, California.
Wells Fargo's corporate headquarters in downtown San Francisco, California.

Wells Fargo is a diversified financial services company that provides retail, commercial and corporate banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions in all 50 US states, the District of Columbia and in other countries. Wells Fargo provides other financial services through subsidiaries engaged in various businesses, principally: wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. Wells Fargo was formed in 1852 and is based in San Francisco, California.

DEAL STATS #
Overall 6 of 15
Sector (Insurance) 2 of 4
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 2 of 3
Country (United States) 4 of 10
Year (2015) 3 of 3
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-18 Rural Community Insurance Services

Anoka, Minnesota, United States

Rural Community Insurance Services is a provider of agricultural insurance.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-05 RELS

RELS LLC is a provider of real estate asset valuation and appraisal solutions.

Sell -
Mergr

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