Applied Underwriters to Buy Florida-based Insurer
Omaha -- October 1, 2020 -- Applied Underwriters, Inc., has agreed to buy Sarasota, Florida-based insurer Centauri Insurance Co., a unit of Centauri Specialty Holdings that offers commercial and personal lines property/casualty coverage, the Omaha, Nebraska-based insurer announced Friday.
Centauri, which was previously known as Universal Specialty Insurance Co., is a unit of Centauri Specialty Holdings Inc. that offers commercial and personal lines property/casualty coverage.
Terms of deal were not disclosed.
Centauri has operations in several southern states and Hawaii, and reports annual premium of $185 million, with about one-third derived from Florida, Applied Underwriters said in a statement.
Applied Underwriters will immediately buy Centauri’s agency facilities, inject capital into the insurer and purchase the insurance operations, pending regulatory approval, the statement said.
About Applied Underwriters
Applied Underwriters® is a global risk services firm that helps businesses and people manage uncertainty through its business services, insurance, and reinsurance solutions. As a company, Applied Underwriters has been distinguished by its innovative approaches to client care and by its strong financial strength. Applied Underwriters operates widely throughout the US, UK, and EU. Its operational headquarters is located in Omaha, Nebraska.