Squire Patton Boggs has advised Universal Shield Insurance Group (USIG) and its owners in the sale of USIG to specialty insurance holding company Tiptree, Inc.
Under the terms of the agreement, Tiptree will acquire 100% of USIG for cash consideration of US$100 million, subject to certain adjustments at closing, and will contribute additional capital to accelerate USIG’s growth and underwriting capacity. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the first quarter of 2027.
The Squire Patton Boggs team advising USIG was led by Financial Services partner Doug Anderson and Corporate partner Molly McNally, and included Corporate associate John Bunch.
