Transportation Insurer Lancer to Merge Into Core Specialty insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.
Lancer Insurance Company to Merge with Core Specialty
- Lancer to operate as a separately managed Division of Core Specialty, retaining the Lancer brand and management team
- Furthers Core Specialty s momentum in building the leading specialty insurance company
- Dave Delaney, Lancer s CEO, to join the Core Specialty Board
- Deepens Core Specialty s participation in the commercial auto market, where rates have been escalating
- Pro forma capital exceeds $1 billion
News provided by
Share this article
Share this article
CINCINNATI and LONG BEACH, N.Y., April 16, 2021 /PRNewswire/ Core Specialty Insurance Holdings, Inc. and its subsidiaries ( Core Specialty or the Company ) and Lancer Financial Group, Inc. (the parent company of Lancer Insurance Company (collectively, Lancer )), both specialty property and casualty ( P&C ) insurers, announced today the signing of a definitive agreement to combine the companies in a stock and cash transaction. Lancer will bring Core Special
BC Partners Invests in Davies
Funds advised by
Davies, a specialist professional services and technology business serving the global insurance market.
This new partnership aims to diversify and strengthen Davies shareholder base, as well as drive further global expansion, increase investment in technology and digital transformation, and to continue to partner with complementary businesses via M&A. Existing investors
HGGC and
AIMCo will continue to hold minority ownership stakes in the business, alongside the Davies leadership team and employees. BC Partners will also have representation on the board.
Cédric Dubourdieu, partner at BC Partners, said, “We at BC have been watching Davies’ progression over the past few years with keen interest, as this was a business we knew had serious potential. Over this period it has expanded geographically, successfully entering and establishing a presence in the US, Canadian and Bermudian markets, completed more than 30 acquisi
Press release content from Business Wire. The AP news staff was not involved in its creation.
Alacrity Solutions Acquires Fourseventy Claim Management
February 1, 2021 GMT
FISHERS, Ind. (BUSINESS WIRE) Feb 1, 2021
Alacrity Solutions Group, LLC (“Alacrity Solutions”), a recognized leader in providing insurance claims management services in North America, today announced the acquisition of Fourseventy Claim Management (“Fourseventy Claims”). Financial terms of the transaction were not disclosed.
Founded in 2011, Fourseventy Claims established itself as a claims management leader with a keen focus on innovation and technology enablement. With a nationwide network of field and desk adjusters skilled in providing services across the residential and commercial property, casualty and liability markets. Fourseventy Claims also offers a full-service Third-Party Administration Program, providing end-to-end claims handling solutions to many of the leading insurance carriers in Nor
Posted on 8875
Waller Helms Advisors (“WHA”), an industry leading specialist investment bank focused on the insurance, healthcare, investment, and financial technology sectors, today announced that it has promoted Andrew Cochran and Alex Weiss to Managing Director and invited each to become a Partner in the firm.
Cochran has been instrumental in building out WHA’s insurance practice, with a particular focus on insurance distribution and MGA’s. Prior to joining WHA, Andrew was a member of the Financial Sponsors & Leveraged Finance Group at Macquarie Capital in New York. Andrew began his investment banking career at Fox-Pitt Kelton, where he focused on the insurance sector.