M&A Deal Summary

Zurich American Insurance Co. Acquires SIS

On November 11, 2021, Zurich American Insurance Co. acquired insurance company SIS

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

M&A Deal Summary

Date 2021-11-11
Target SIS
Sector Insurance
Buyer(s) Zurich American Insurance Co.
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Zurich American Insurance Co.

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 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: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-18 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.

Buy $675M