AM Best


JANUARY 17, 2023 09:31 AM (EST)

Best's Review Examines Insurers’ Increased Interest in Shell Companies


CONTACTS:
 Patricia Vowinkel
Executive Editor, Best’s Review®
+1 908 439 2200, ext. 5540
patricia.vowinkel@ambest.com

FOR IMMEDIATE RELEASE

OLDWICK - JANUARY 17, 2023 09:31 AM (EST)
In a new article, Best’s Review examines the processes, benefits and risks of insurance shell transactions. Insurers and potential insurers purchase shell companies to expedite the process of expanding their businesses and becoming full-stack insurers, rather than starting from the ground up in each state. The trend of buying shells will continue as companies want to quickly enter a market, insurers say. Read the full story in “A Shell of Their Future Selves: How Insurer Acquisitions Spur Faster Growth.”

Best’s Review is AM Best’s monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. The complete content of Best’s Review is available here.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.