trending Market Intelligence /marketintelligence/en/news-insights/trending/8AhvT2xs-EeG2OzbgiC_zQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

NI Holdings completes acquisition of commercial multiperil insurance underwriter

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did

U.S. Life & Health Insurance Market Report


NI Holdings completes acquisition of commercial multiperil insurance underwriter

NI Holdings Inc. completed the acquisition of all the issued and outstanding stock of Owings Mills, Md.-headquartered Westminster American Insurance Co. from private shareholders.

Westminster American underwrites commercial multiperil insurance through independent agents.

The previously announced deal closed Jan. 1 and is set to diversify NI Holdings' products portfolio both geographically and by adding an additional commercial multiperil business line.

Westminster American shareholders will receive $40 million in cash as part of the transaction.

Westminster American's legal adviser was Venable LLP. Sherman & Co. was NI Holdings' financial adviser, while Dorsey & Whitney LLP was the company's legal adviser during the transaction.