American Coastal Insurance Corporation Announces the Sale of Interboro Insurance Company to Forza Insurance Holdings, LLC [Yahoo! Finance]
United Insurance Holdings Corp. (UIHC)
Last united insurance holdings corp. earnings: 2/20 04:02 pm
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US:NASDAQ Investor Relations:
investors.upcinsurance.com/mobile/home.aspx?iid=4169946
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Source: Yahoo! Finance
Coastal" or "ACIC"), the insurance holding company of Interboro Insurance Company ("Interboro"), a New York domiciled insurance company, announced today that it has signed definitive agreements with Forza Insurance Holdings, LLC ("Forza") in which ACIC will sell and Forza will acquire 100% of the issued and outstanding stock of Interboro. Closing is subject to the approval of the New York Department of Financial Services. The transaction completes the run-off of ACIC's personal lines portfolio and allows ACIC to focus on its fast-growing commercial specialty property portfolio. Concurrently, Interboro and SageSure entered into a Program Administrator Agreement and a Claims Services Agreement on May 9, 2024. Under the terms of these service agreements, SageSure will provide policy administration, underwriting and claims administration services on behalf of Interboro. "Interboro is a strong strategic fit for Forza and SageSure. We are incredibly pleased that we have found the right
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