Ascot Announces Closing of Acquisition of Boston Indemnity Company
Ascot today announces the successful closing of the acquisition of Boston Indemnity Company (BIC) following receipt of regulatory approvals and satisfaction of other customary closing conditions.
BIC is a U.S. Treasury-listed, insurance carrier licensed in 46 states and the District of Columbia. The transaction was first announced on July 7, 2021* and is intended to facilitate Ascot’s entry into the U.S. contract and commercial surety market but does not involve the transfer of any of BIC’s business or employees. Ascot intends to rename BIC “Ascot Surety & Casualty Company.”
*Full press release available HERE