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Lighthouse Property Insurance Corporation Announces Merger Closing


Lighthouse Property Insurance Corporation Announces Merger Closing




Lighthouse enters Florida homeowners market; expands geographic footprint across the Southeast

ORLANDO, FL. (June 16, 2020) Lighthouse Property Insurance Corporation (Lighthouse) today completed its previously announced merger plans with sister carrier, Prepared Insurance Company (Prepared). The combined company allows Lighthouse to assume the Prepared portfolio and write directly in the state of Florida, resulting in a unified carrier with over $200 million of gross written premium. Lighthouse also owns Lighthouse Excalibur Insurance Company, a Louisiana domiciled carrier with just over $60 million of gross written premium.

“We’re excited to bring the Lighthouse family to Florida,” said David Howard, President. “Now, Prepared joins Lighthouse as one company with over $50 million in policyholder surplus and 170,000 homes insured across the Southeast.”

Prior to the merger, Lighthouse offered property and casualty insurance policies in Louisiana, Texas, North Carolina, and South Carolina. With the acquisition of Prepared, Lighthouse will begin to offer its portfolio of insurance products to the residents of Florida.

“Lighthouse now has diversity across five states. That should give both our agents and policyholders the confidence that we are here, and we are here to stay,” said Bruce Bessire, Director of Sales. “We’re going to be a good partner today, and a good partner 10 years from now.”

Beyond the name change, Bessire made it clear that the transition to Lighthouse will be seamless. The current servicing, underwriting, and claims process for Florida policies remain the same. Lighthouse will continue to provide the same best-in-class service Prepared agents, and policyholders are used to receiving. “The only difference is that we’re now stronger as one company,” said Bessire.

“Due to the ongoing challenges of Florida’s homeowners insurance industry, now is the perfect time for a financially strong and trusted carrier to enter the market,” said Howard. “In a state with 20 million people, carriers in Florida will enjoy an opportunity to write very good business.”

Lighthouse holds a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. and has been in business for 12 years. Since 2008, when the company first began writing homeowners policies in Louisiana, they have continued to expand their geographic footprint, revenue, and capital base, increasing statutory surplus each year.

For more information on Lighthouse, please visit:

Established in 2008, Lighthouse Property Insurance Corporation (Lighthouse) is an admitted property and casualty insurance company authorized to write in Florida, Louisiana, North Carolina, South Carolina, and Texas. In 2019, Lighthouse acquired Excalibur National Insurance Company and relaunched it as Lighthouse Excalibur Insurance Company, a wholly-owned subsidiary of Lighthouse. As of June 2020, Lighthouse acquired Prepared Insurance Company, allowing the company to enter the state of Florida and expand its geographic footprint further. Lighthouse sells and distributes its policies through an exclusive network of licensed, independent professional agencies. They have been assigned a Financial Stability Rating of A, Exceptional, from Demotech, Inc.

For more information about Lighthouse, please visit the company website at

Media inquiries should be directed to Carli Saldsman, Marketing Communications Manager at or 407-901-3247.