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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