Core Specialty Completes Acquisition of American Surety Company and Underwriters Surety

June 3, 2024

Core Specialty Insurance Holdings, Inc. has completed the acquisition of American Surety Company and Underwriters Surety, creating a new Surety Division and adding bail bonds and commercial surety bond product lines. The deal was completed with a mix of cash and stock, preserves the American Surety brand and management team, and brings approximately $93 million in 2023 GAAP gross premiums written to Core Specialty.

Buyers
Core Specialty Insurance Holdings, Inc.
Targets
American Surety Company, Underwriters Surety, Inc.
Sellers
Eighth Amendment Holdings, Inc.
Industry
Insurance
Location
Indiana, United States
Transaction Type
Buyout

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