Lancer Insurance Company to Merge with Core Specialty
- Lancer to operate as a separately managed Division of Core Specialty, retaining the Lancer brand and management team
- Furthers Core Specialty s momentum in building the leading specialty insurance company
- Dave Delaney, Lancer s CEO, to join the Core Specialty Board
- Deepens Core Specialty s participation in the commercial auto market, where rates have been escalating
- Pro forma capital exceeds $1 billion
News provided by
Share this article
Share this article
CINCINNATI and LONG BEACH, N.Y., April 16, 2021 /PRNewswire/ Core Specialty Insurance Holdings, Inc. and its subsidiaries ( Core Specialty or the Company ) and Lancer Financial Group, Inc. (the parent company of Lancer Insurance Company (collectively, Lancer )), both specialty property and casualty ( P&C ) insurers, announced today the signing of a definitive agreement to combine the companies in a stock and cash transaction. Lancer will bring Core Special