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Sherman & Company served as financial advisor to The Seibels Bruce Group, Inc. on the sale of its subsidiary, Universal Insurance Company (UIC), a provider of private passenger automobile and commercial insurance products, to TMIC Holding, LLC, a wholly owned subsidiary of AAA Carolinas. Universal Insurance Company is primarily focused on nonstandard private passenger automobile physical damage and liability coverage policies. The company is licensed in North Carolina, Alabama, Georgia, South Carolina, Kentucky, Tennessee, and West Virginia.
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About The Seibels Bruce Group, Inc.
The Seibels Bruce Group, Inc., founded in 1869, provides services to the insurance industry; and automobile, flood, and other property and casualty insurance products.
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About Sherman & Company
Sherman & Company is a boutique investment banking firm focused solely on the insurance industry. Our services include: Mergers & Acquisitions, Capital Raising, Strategic Advisory & Fairness Opinions, and Regulatory Advisory.
6302 Fairview Road, Suite 320
Charlotte, North Carolina 28210
(704) 943-2600
www.Sherman-Company.com
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