Lighthouse Property Insurance Corp. (Lighthouse), a Louisiana domestic insurance company has acquired the Louisiana homeowners policies of HomeWise Insurance Co., a Florida-based insurer.
The terms of the agreement include the transfer to Lighthouse of over 11,000 homeowners’ policies which represent approximately $25 million of in-force premium.
“This acquisition re-affirms our strong commitment to the Louisiana homeowners market,” said Lighthouse President Ron Chapman. “We expect this transition to go very smoothly as virtually all of the HomeWise agents are also Lighthouse agents.” Policyholders should experience no changes during the transition.
Lighthouse maintains a Financial Stability Rating of “A” (Exceptional) with Demotech, Inc., a highly respected insurance company rating service.
Source: Lighthouse Property Insurance Corp.
Topics Mergers & Acquisitions Louisiana
Was this article valuable?
Here are more articles you may enjoy.
Hellman & Friedman Explores Sale of Applied Systems at Up to $10B, Sources Say 
McKinsey Rebukes Partner Who Questioned Challenges Facing Women CEOs 
Another Crane, Then Another, Collapses Onto Home in Fort Lauderdale 
AM Best: US Home Insurers in 2025 Book First Underwriting Profit in Seven Years 
