Pie Insurance (Pie Carrier Holdings) to Acquire Western Select Insurance Company
August 25, 2021
Pie Insurance, through its subsidiary Pie Carrier Holdings, received regulatory approval from the Illinois Department of Insurance to acquire Western Select Insurance Company — a property & casualty insurer licensed in Illinois, California and New York — from a subsidiary of Premia Holdings Ltd. The deal supports Pie's strategy to become a full‑stack insurance carrier and to underwrite its own policies for small businesses.
- Buyers
- Pie Carrier Holdings (a subsidiary of Pie Insurance), Pie Insurance
- Targets
- Western Select Insurance Company
- Sellers
- a subsidiary of Premia Holdings Ltd., Premia Holdings Ltd.
- Industry
- Insurance
- Location
- Illinois, United States
- Transaction Type
- Buyout
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