Core Specialty Insurance Holdings, Inc. agreed to acquire medical stop-loss business from American National Group, LLC on June 12. 2023. The completion of the transaction will be conditional upon obtaining the required regulatory approvals and is expected to close in the fourth quarter of 2023.

Raymond James Financial, Inc. (NYSE:RJF) acted as financial advisor to American National Group, LLC. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to American National Group, LLC. David Alberts, Jared Wilner, Sanjiv Tata,Arsen Kourinian, Stephanie Vasconcellos, Rich Assmus , Lucas Giardelli and George Craven of Mayer Brown LLP acted as legal advisor to Core Specialty Insurance Holdings, Inc. JPMorgan Chase & Co.

(NYSE:JPM) acted as financial advisor to Core Specialty Insurance Holdings, Inc.