Hagerty Insurance to go public

[Robert Shepard]

Auto insurance provider Hagerty to go public via $3 bln SPAC deal

Hagerty, which insures classic cars, has agreed to go public through a merger with SPAC Aldel Financial Inc (ADF.N) in a deal that values it at $3.13 billion, the companies said on Wednesday.

www.reuters.com

 

[Bill Marcy]

As a loyal Hagerty customer since 2004, I hope this will not be bad for us, but somehow it doesn't sound good. Personally, I have been in love with Hagerty and their customer service. I have been recommending them for years.

 

[Walter Suiter]

Is Hagerty a carrier or a broker?
If a carrier are they a mutual company or a stock company?

 

[Bill Marcy]

Is Hagerty a carrier or a broker?
If a carrier are they a mutual company or a stock company?

Hagerty is a broker, as far as I know. My insurance company is Essentia Insurance Co.

 

[Dave Hopping]

My Hagerty cards say Essentia too.

 

[Paul Steinberg]

The Hagerty company has been involved with Essentia Insurance company for many years, and the original owner of Essentia Insurance was OneBeacon, which sold the company to another holding company called Markel. If you are interested in learning more about this, use this link that I have provided... https://www.insurancejournal.com/news/national/2012/10/17/266879.htm

 

[Richard Vyse]

Grab that stock

 

[Bill Marcy]

Grab that stock

That might be a smart idea!