Protective Life Acquires Obsidian Insurance Holdings from Genstar Capital
Protective Life has agreed to acquire Obsidian Insurance Holdings from Genstar Capital, expanding into the specialty property and casualty insurance segment. The acquisition, expected to be completed in Q4 2026 or Q1 2027, will create a new line of business for Protective Life and provide Obsidian with long-term capital. Financial terms were not disclosed.
Topics: acquisition Genstar Capital insurance Obsidian Insurance Holdings Protective Life specialty property and casualty