Lilypad Insurance Holdings has completed its acquisition of Centauri Specialty Insurance Company and Centauri National Insurance Company, effective September 30th, 2024, following the receipt of all necessary regulatory approvals.
The strategic acquisition aims to strengthen Lilypad Insurance Holdings’ footprint in the coastal property insurance market and leverage Centauri’s extensive industry experience.
Established in 2011 by Ricardo Espino, Centauri Insurance is known for its property and casualty insurance products and will continue its operations seamlessly under Lilypad Insurance.
Centauri Insurance serves policyholders across seven states, including Alabama, Florida, Hawaii, Louisiana, Mississippi, South Carolina, and Texas.
Lilypad Insurance Holdings has affirmed its dedication to maintaining Centauri’s current product offerings and operational standards, ensuring a seamless transition for customers.
Ricardo Espino, President of Lilypad Insurance, commented: “We are excited to finalize the acquisition of Centauri Specialty Insurance Company and Centauri National Insurance Company. This move underscores our commitment to enhancing our presence in key markets and building upon Centauri’s strong foundation.
“We look forward to continuing to provide superior service to policyholders and leveraging our expanded capabilities to benefit our valued agency partners.”
Traci Stillwagon, Chief Operating Officer of Lilypad Insurance, added: “We are pleased to welcome Centauri’s talented team and strong agent partners into the Lilypad family.
“The acquisition aligns with our strategic growth and market leadership objectives, and we are confident in the opportunities it presents for all stakeholders involved.”
