South Carolina-based The Seibels Bruce Group, Inc. has made an investment of $2,500,000 and received a 20 percent ownership interest in the holding company for a newly formed homeowners insurance company domiciled in the state of Florida.
In connection with this investment, the company will provide exclusive claims administration and underwriting management services to the new insurance company.
The Seibels Bruce Group, Inc. is a holding company for four property and casualty companies that offer commercial, nonstandard automobile and homeowners insurance. In addition, Seibels Bruce offers claim administration services to insurance companies and other businesses through INS; flood zone determination services through America’s Flood Services, Inc.; and managing general agency services through Seibels, Bruce & Company.
Was this article valuable?
Here are more articles you may enjoy.
Cape Cod Faces Highest Snow Risk as New Coastal Storm Forms 
One out of 10 Cars Sold in Europe Is Now Made by a Chinese Brand 
Portugal Rolls Out $2.9 Billion Aid as Deadly Flooding Spreads 
These Five Technologies Increase The Risk of Cyber Claims 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.