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
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