Lighthouse Property Insurance completed the acquisition of Prepared Insurance.

Lighthouse Property Insurance, a property and casualty insurance carrier, completed the acquisition of Prepared Insurance, a Florida-domiciled property and casualty insurance provider, from Prepared Holdings Group, the parent company of a consolidated group of companies writing personal homeowners’ lines of business in Florida & Louisiana. Financial terms were not disclosed. “Due to the ongoing challenges of Florida’s homeowners insurance industry, now is the perfect time for a financially strong and trusted carrier to enter the market. In a state with 20m people, carriers in Florida will enjoy an opportunity to write very good business,” David Howard, Prepared President.