Applied Underwriters Acquires Florida Casualty Insurance Company (formerly Ashmere Insurance)
March 15, 2021
Applied Underwriters acquired Florida Casualty Insurance Company (formerly Ashmere Insurance Company), a Fort Lauderdale–based insurer licensed in 41 states, bringing the carrier into Applied’s national and international growth strategy. The insurer will operate under Applied’s platform and carry North American Casualty’s "A" rating; regulatory approvals were required in Florida.
- Buyers
- Applied Underwriters
- Targets
- Florida Casualty Insurance Company (formerly Ashmere Insurance Company)
- Industry
- Insurance
- Location
- Florida, United States
- Transaction Type
- Buyout
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