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Southlake Specialty Insurance Company Acquires Nevada General Insurance Company

PRIVATEFeb 06, 2024

Acquiring Company

Southlake Specialty

Acquired Company

Nevada General Insurance Company

WestlakeLas VegasFinancial ServicesFinanceInsuranceInsurance

Description

Southlake Specialty, part of Southlake Financial Holdings, has agreed to acquire Nevada General Insurance Company from Western National Mutual Insurance Company. This acquisition will allow the Southlake group to extend its admitted product insurance offering into additional states and strengthen its position in the P&C insurance space.

Quick answer

Southlake Specialty is acquiring Nevada General Insurance Company, announced February 6, 2024. Southlake Specialty is based in Westlake, Texas, United States.

How much did Southlake Specialty pay for Nevada General Insurance Company?
The deal value was not disclosed.
What does Southlake Specialty do?
Southlake Financial Group, a technology and data driven insurance platform providing insurance infrastructure as a service, stands as a leading provider of specialty insurance solutions.
Where are Southlake Specialty and Nevada General Insurance Company based?
Southlake Specialty is based in Westlake, Texas, United States. Nevada General Insurance Company is based in Las Vegas, Nevada, United States.
Who are the decision-makers at Southlake Specialty?
Fundz holds 1 contact at Southlake Specialty. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Southlake Specialty

Location

Westlake, Texas, United States

About

Southlake Financial Group, a technology and data driven insurance platform providing insurance infrastructure as a service, stands as a leading provider of specialty insurance solutions. Through its subsidiaries —Southlake Specialty Insurance Company, Westlake Specialty Insurance Company, and Nevada General Insurance Company —Southlake offers a comprehensive range of products. Committed to excellence and innovation, Southlake consistently delivers exceptional value and service to its policyholders.

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Frequently asked

Who acquired Nevada General Insurance Company?

Nevada General Insurance Company was acquired by Southlake Specialty, based in Westlake. The deal was reported on February 6, 2024. Southlake Financial Group, a technology and data driven insurance platform providing insurance infrastructure as a service, stands as a leading provider of specialty insurance solutions. Southlake Specialty is privately held and operates in Financial Services.

When did Southlake Specialty acquire Nevada General Insurance Company?

Southlake Specialty's acquisition of Nevada General Insurance Company was reported on February 6, 2024. Southlake Specialty, part of Southlake Financial Holdings, has agreed to acquire Nevada General Insurance Company from Western National Mutual Insurance Company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Nevada General Insurance Company do?

Nevada General Insurance Company is a regional specialty vehicle insurance carrier writing business through independent agents in Nevada, New Mexico and Arizona. Our products are uniquely tailored to meet the needs of the customers we serve. It is privately held, operating in Insurance, and is based in Las Vegas.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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