Insight and Intelligence on the London & International Insurance Markets 22 Aug 2017
Opinion: Beyond Florida
- 11 August 2017
Heritage chairman and CEO Bruce Lucas says the deal to buy Narragansett Bay for $250mn is a game changer for the Florida-based carrier.
He believes a valuation of 2.1x book, that for some might look a little rich, will turn out to be a bargain.
That's because of the huge growth potential unlocked by adding an established northeast US footprint to Heritage's Florida, southeast and Hawaiian presence.
The deal will also bring significant reinsurance synergies, and as such, Lucas believes...
- If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership
- Login Free trial