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.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access