Kingsway Financial Services Inc KFS

Financial Services Insurance - Property & Casualty

Kingsway Financial Services Inc. is a holding company that owns or controls subsidiaries primarily in the extended warranty and business services industries. Its segments include Extended Warranty and Kingsway Search Xcelerator. It serves the extended warranty industry through its subsidiaries, IWS Acquisition Corporation (IWS), Penn Warranty, Preferred Warranties and Trinity Warranty Solutions. IWS is a licensed motor vehicle service agreement company and is a provider of after-market vehicle protection services distributed by credit unions in approximately 24 states and the District of Columbia to their members, with customers in all 50 states. It serves the business services industry through its subsidiaries, CSuite Financial Partners, LLC (CSuite), Ravix Group, Inc., Secure Nursing Service, SPI Software, Digital Diagnostics, Inc., and Image Solutions LLC. CSuite is a professional services firm that provides experienced chief financial officers and other finance professionals.

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Kingsway Financial Services Inc

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Post by copler_anadoluon Nov 25, 2008 8:04pm

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QBE Insurance Buys ZC Sterling to Expand U.S. Home

Australia’sbiggest property and casualty insurer buying company in usa ...

Kingsway Financial hire Houlihan lokey for what ?? ..

Leadership through Experience and Accomplishment

Houlihan Lokey, an international investment bank, provides a widerange of services, including mergers and acquisitions, financing,financial opinions and advisory services, and financial restructuring.In 2007, the firm was ranked the No. 1 M&A advisor for U.S.transactions under $1.25 billion and the No. 1 M&A fairness opinionadvisor by Thomson Financial. In addition, the firm was ranked the No.1 restructuring investment banking firm by TheDeal.com’s BankruptcyInsider. Established in 1970, the firm has over 800 employees in 14offices in the United States, Europe and Asia. Each year we serve morethan 1,000 clients ranging from closely held companies to Global 500corporations.

https://www.bloomberg.com/apps/news?pid=20601087&sid=amgnJyAnu124&refer=home

QBE Insurance Buys ZC Sterling to Expand U.S. Home Coverage

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By Linda Shen

Nov. 26 (Bloomberg) -- QBE Insurance Group Ltd., Australia’sbiggest property and casualty insurer, agreed to buy ZC SterlingCorp. for $575 million to add sales in the U.S. and will raiseabout A$2.1 billion ($1.36 billion) selling shares.

The purchase of Atlanta-based ZC, which covers homes forbuilders, lenders and real-estate brokers, is one of fourannounced by QBE today. Two other deals involve U.S. companiesand another is in Europe, according to a statement by the Sydney-based insurer.

Chief Executive Officer Frank O’Halloran is expandingcoverage of specialty products as he seeks niches ignored byother insurers. The acquisitions will add to earnings within ayear, he said in the statement. QBE also plans to swap new five-year senior notes for tier 1 perpetual securities with a facevalue of A$1.25 billion at a discount.

“The capital raising and the other capital managementinitiatives will assist in funding the acquisitions and our 2009growth as well as provide further balance sheet strength andflexibility for other opportunities,” the insurer said in thestatement.

QBE requested trading of its stock be temporarily halted ina letter to the Australian Securities Exchange dated Nov. 26.

Last Updated: November 25, 2008 17:31 EST

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