Read more: K2 Insurance Services makes first deal outside the US
In a statement, Global Indemnity confirmed that the acquisition includes American Reliable manufactured home and dwelling lines, adding that K2 is “committed to seamlessly transfer and renew the American Reliable specialty residential property business, which will be underwritten by Homesite Group, a subsidiary of American Family Mutual Insurance Company.”
Reiner Mauer, chief operating officer of Global Indemnity, said that the transaction supports his firm’s “strategy to focus on core small and middle-market commercial lines that drive long term consistent and sustainable profitability.”
“We expect this transition will be seamless
