Lighthouse Property Å˽ðÁ«´«Ã½Ó³» Corp. has acquired Excalibur National Å˽ðÁ«´«Ã½Ó³» Co., based in Louisiana.
Lighthouse CEO and President Patrick White said in a press release that the acquisition “reaffirms Lighthouse’s commitment to the Louisiana market, where we have served independent agents and policyholders for the past 11 years,”
Excalibur is a Louisiana domiciled property insurance carrier with approximately $20 million of mostly homeowners’ premium throughout Southern Louisiana. The integration of the two companies will take several months. Excalibur will be a wholly owned subsidiary of Lighthouse and will continue to provide competitive product offerings to Louisiana homeowners.
Combined, Lighthouse and Excalibur write approximately $75 million of homeowners’ premium in Louisiana as part of a $265 million consolidated book, including affiliated carrier Prepared Å˽ðÁ«´«Ã½Ó³» Company, across Florida, Texas, Louisiana, North Carolina, and South Carolina.
Propel Advisory Group Inc. served as financial advisor for Lighthouse in the transaction.
Source: Lighthouse Property Å˽ðÁ«´«Ã½Ó³» Corp. (Lighthouse)
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