Durham Jones & Pinegar Shareholder Joshua E. Little and his team represented Align Financial Holdings, LLC, an insurance holding company, in the acquisition of Hilltop Holdings Inc.’s wholly-owned subsidiary, National Lloyds Corporation, a specialty property insurer for homeowners, low-value dwelling, mobile and manufactured homes for $154.1 million.
“This strategic transaction will serve to further diversify and scale Align’s business; putting us on track to write close to $500 million of specialty premiums this year”, said Kieran Sweeney, CEO of Align.
As part of this transaction, ReAlign Insurance Holdings, LLC, a new insurance holding company, completed its acquisition of National Lloyds Insurance Company (NLIC) and American Summit Insurance Company (ASIC) from Align NL Holdings, LLC, a subsidiary of Align Financial Holdings, LLC.
Grant Lippincott, President of ReAlign, said: “NLIC and ASIC have a successful track record in the specialty property insurance marketplace that we look forward to building upon. The Carriers represent an excellent and strategically important first step towards executing our long-term plan to create a leading domestic program underwriting platform.”
Joshua E. Little | Mergers & Acquisitions
Mark L Astling | Tax
Elisabeth Calvert | Corporate & Finance
Kenneth L. Cannon | TX & NY Legal Opinion Matters
Matthew F. Hafen | Estate Planning
Russell K. Smith | TX & NY Legal Opinion Matters
John D. Walch | Employee Benefits
Zachary Miller | Corporate & Finance
Brooke E. Nelson | Employee Benefits
Sarah W. Matthews | Intellectual Property