NAVIGATORS GROUP ACQUIRING FIRMS FOR $41.3M
As aggregate consideration for the acquisition of ASCO and BDM, both of which are based in
ASCO is a specialty insurance company offering marine and property and casualty insurance. BDM is an insurance underwriting agency that underwrites risk coverage in niche markets on behalf of ASCO and a number of major international insurers.
As part of the transaction, Navigators will also acquire all the shares of
Navigators said that the acquisition will reinforce its presence in the
Subject to customary closing conditions and regulatory approval, the deal is anticipated to close in the first half of 2018.
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