Kingsway Financial (KFS) Acquires Minority Stake in an Insurance Holding Company
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Kingsway Financial Services Inc. (NYSE: KFS) has entered into a definitive agreement to purchase a minority stake in a newly formed holding company that, subject to regulatory approval, will own a majority of Walshire General Assurance Company, the sole shareholder of Lincoln General Insurance Company.
The majority investor in the holding company, named LGIC Holdings, LLC, will be Tawa PLC.
Financial terms of the deal were not disclosed.
The majority investor in the holding company, named LGIC Holdings, LLC, will be Tawa PLC.
Financial terms of the deal were not disclosed.
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