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New Deal


Announced

Wright National Flood Insurance to acquire flood insurance policy book of Westfield Insurance.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

flood insurance

Private

Domestic

Acquisition

Single Bidder

Majority

Friendly

Pending

Property and Casualty Insurance

Synopsis

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Wright National Flood Insurance, a provider of federal flood insurance, agreed to acquire flood insurance policy book of Westfield Insurance, a provider of property and casualty insurance.Financial terms were not disclosed. "Westfield has provided flood coverage solutions for the past 20 years for its agent partners and policyholders. We look forward to continuing their long history and providing their agents with our experience in the flood insurance industry," Patricia Templeton-Jones, Wright National Flood Insurance President.

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