Conifer Holdings sells insurance agency operations, names Brian Roney CEO

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Sep 03 2024

0mins

Sale of Insurance Operations: Conifer Holdings sold its insurance agency operations for $45 million, with potential earn-out payments of up to $25 million, and also sold its remaining interest in Sycamore Specialty Underwriters for $6.5 million.
Leadership Changes: Following the sale, CEO Nick Petcoff resigned and was replaced by Brian Roney, while the company anticipates a significant decline in revenue due to the divestiture of its insurance operations.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.