M&A Deal Summary

Zenith National Insurance Acquires Riscorp

On June 11, 1997, Zenith National Insurance acquired insurance company Riscorp for 35M USD

Acquisition Highlights

This is Zenith National Insurance’s 1st transaction in the Insurance sector.
This is Zenith National Insurance’s largest (disclosed) transaction.
This is Zenith National Insurance’s 1st transaction in the United States.
This is Zenith National Insurance’s 1st transaction in Florida.

M&A Deal Summary
Date	1997-06-11
Target	Riscorp
Sector	Insurance
Buyer(s)	Zenith National Insurance
Deal Type	Add-on Acquisition
Deal Value	35M USD
Advisor(s)	Croft & Bender LP (Financial)

Target

Riscorp

Sarasota, Florida, United States

Riscorp was an underwriter of worker's compensation insurance.

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Buyer(S) 1

Buyer

Zenith National Insurance

Woodland Hills, California, United States

Category	Company
Founded	1971
Sector	Insurance
Employees	1,400

DESCRIPTION

Zenith National Insurance is a provider of workers compensation and agribusiness insurance business.

DEAL STATS	#
Overall	1 of 1
Sector (Insurance)	1 of 1
Type (Add-on Acquisition)	1 of 1
State (Florida)	1 of 1
Country (United States)	1 of 1
Year (1997)	1 of 1
Size (of disclosed)	1 of 1