The St. Paul Companies finalized a definitive agreement to purchase London Guarantee Insurance Company for $80 million. The transaction is expected to close within three to five months, after regulatory approval has been received. London Guarantee, headquartered in Toronto, is a specialty property-liability insurance company employing 200, which is focused on providing surety products, and management liability, bond, and professional indemnity products. London Guarantee has a Best’s rating of “A+” and it has had an average combined ratio of around 80 over the last several years.
Topics Mergers & Acquisitions London
Was this article valuable?
Here are more articles you may enjoy.
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 
Honda’s Insurance Agency Operations Stall, Services ‘Paused’ 
After Losing Job and Crypto, Man Falsely Claimed $1.3M From 107 Class Actions 
Florida Property Tax Cut Plan Relies on Population Boom That Has Slowed Dramatically From This Issue
