Program business insurer Sirius America in New York announced yesterday that the firm will be renamed Delos Insurance Group, following the completion of its acquisition by an investor group led by Lightyear Capital.
The company said it will conduct all operations under the Delos brand when regulatory approval is complete.
With the ownership change, the insurer said it is receiving an infusion of additional capital, bringing the company's surplus to $200 million, thus enabling it to expand its operations and write larger, multistate programs across a wide variety of exposures, including casualty, general liability, automobile liability, commercial and residential property.
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