Centauri Insurance Acquired by Lilypad | Financial Services M&A Deal

Lilypad has completed the acquisition of Centauri Insurance, a financial services other business in Florida, for $89 million. Centauri Insurance provided property-casualty coverage with about 8,400 policies in force in the state, supporting Lilypad’s expansion in vulnerable coastal areas. Lilypad acquisitions also aim to strengthen risk pricing and underwriting automation by leveraging AI capabilities through Rajiv Matta, appointed chief innovation officer. The add on acquisition is part of financial services M&A and FL acquisitions, with Lilypad described as a strategic acquisition backed by Arbol Inc. Deal size is reported above $100M, with multiple figures cited including $2.5 billion and $49.5 million.