Tag: Regulatory Approval

Skyward Specialty Acquires Apollo Group, Projects Robust 2026 Financials

Skyward Specialty Insurance Group has secured regulatory and shareholder approvals to acquire Lloyd's specialist Apollo Group Holdings for $555 million. The transaction, expected to close in Q1 2026, supports strong financial guidance for 2026 including gross written premiums up to $2.8B and a combined ratio near 91%.

Patriot Select Approved to Take Over 30,000 Policies from Florida's Citizen Property Insurance

Patriot Select gains regulatory backing to assume up to 30,000 personal residential policies from Florida's Citizen Property Insurance, reflecting a strategic risk transfer in the state's insurance market.

GoAuto Insurance Expands Direct Auto Insurance Services to Georgia State Market

GoAuto Insurance launches direct low-cost auto insurance in Georgia, marking its fifth state expansion. The move underscores the growth of digital-first underwriting and policy issuance in competitive markets.

State Farm Receives Interim Approval for 17% California Home Insurance Rate Hike

State Farm obtains interim approval for a 17% rate increase on California home insurance policies due to wildfire claims and shrinking surplus. Further hearings will assess final rate legality and consumer protections.