HDI Global Insurance Company Acquires Indiana Lumbermens Insurance Company
December 5, 2023
HDI Global Insurance Company has acquired 100% of Indiana Lumbermens Insurance Company (ILIC) from Pennsylvania Lumbermens Mutual Insurance Company (PLM); the transaction closed on November 30, 2023 and the purchase price was not disclosed. The acquisition gives HDI additional U.S. admitted carrier licenses and a Treasury listing, enabling a faster entry into the U.S. surety market and broadening HDI's U.S. specialty insurance product offerings.
- Buyers
- HDI Global Insurance Company
- Targets
- Indiana Lumbermens Insurance Company
- Sellers
- Pennsylvania Lumbermens Mutual Insurance Company
- Industry
- Insurance
- Location
- Indiana, United States
- Transaction Type
- Buyout
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