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Hilltop in Texas to sell specialty insurance unit for $150 million

Jan 31, 2020 - American Banker

Hilltop Holdings in Dallas has agreed to sell an insurance unit to Align Financial Holdings in San Diego.

The $15 billion-asset Hilltop said in a press release Friday that it will sell National Lloyds for $150 million in cash. The sale is expected to close in the second quarter

National Lloyds is a specialty property insurer that primarily serves owners of lower value homes and mobile homes. The company writes premiums through its National Lloyds Insurance and American Summit Insuran...