Completing a deal originally announced in October 2014, Dublin-based Global Indemnity plc has acquired American Reliable Insurance Company from Atlanta-based Assurant in a deal valued at $394 million.
ARIC tallied approximately $250 million of GAAP net earned premiums in 2013 across its specialty personal and agricultural P&C lines, which it markets through general and independent agents. Over the nine months of the company’s fiscal year in calendar 2014, it had net income of $6 million on $187 million of revenue.
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