Announced
Financials
Tags
Pending
Acquisition
Private
Domestic
United States
insurance products
Insurance Brokers
Majority
Friendly
Single Bidder
Synopsis
Core Specialty Insurance Holdings, an insurance group, agreed to acquire the Specialty Markets Group, a speciality business unit from American National Group, an insurance company. Financial terms were not disclosed. “We are pleased to work in collaboration with American National for a second time after the 2023 acquisition of the Medical Stop-Loss business. The Specialty Markets Group business is a line of business we know well and we are excited to add this product line to our Bond, Credit & Guarantee subsegment. The products offered by the Specialty Markets Group have shown strong profitability over time, and the transfer of this business will add further diversification to our company. I would like to welcome our new Specialty Markets Group colleagues to Core Specialty," Jeff Consolino, Core Specialty Founder, President and CEO.
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