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Conifer出售保险代理业务;任命Brian Roney为首席执行官
2024-09-03 20:27
- Conifer (NASDAQ:CNFR) said it has completed the sale of its insurance agency operations for consideration equal to $45 million, plus possible additional earn-out payments of up to $25 million.
- The earn-out payments are based on the future performance of the operations that were sold.
- The firm has sold its remaining interest in Sycamore Specialty Underwriters for a purchase price of $6.5 million.
- The company, now, does not have any insurance agency operations, and it expects a significant decline in revenue.
- The firm added, its CEO, Nick Petcoff has resigned from the role, and the board has appointed Brian Roney as its chief.
More on Conifer Holdings
- Conifer Holdings, Inc. (CNFR) Q2 2024 Earnings Call Transcript
- Conifer Holdings, Inc. 2024 Q2 - Results - Earnings Call Presentation
- Financial information for Conifer Holdings
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