Core Specialty to acquire the Specialty Markets Group from Brookfield-backed American National Group.

Core Specialty Insurance Holdings, an insurance group, agreed to acquire the Specialty Markets Group, a speciality business unit from Brookfield-backed 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.