CNFR News & Events

The Board of Directors and Executive Management of Conifer Holdings announced that effective September 30, 2025, the Company will rebrand under the new name Presurance Holdings, Inc. This change reflects the Company's continued evolution and lays the foundation for the future. Effective September 30, 2025, the Company's common stock will trade on Nasdaq under its new ticker symbol "PRHI," and the Company's 9.75% Senior Notes due 2028 will trade under the new ticker symbol "PRHIZ." The CUSIP number for the Company's common stock and senior notes will not change in connection with the name and ticker updates. The Company emphasized that while the rebrand marks a new beginning, its subsidiaries remain committed to serving policyholders with dedication and reliability.

Bishop Street Underwriters has acquired Conifer Insurance Services, a specialty commercial managing general agency from Conifer Holdings. The acquisition of Conifer marks Bishop Street's entry into commercial lines, expanding its multiline, differentiated MGA platform. Conifer operates a portfolio of three programs across several specialty lines of business, including main street small and medium sized enterprises, hospitality and auto dealers. Conifer's existing infrastructure presents a significant growth opportunity for Bishop Street, enabling further scale through geographic expansion, new product development and add-on acquisition synergies.

Conifer Holdings completed the sale of its insurance agency operations for consideration equal to $45 million, plus possible additional earn-out payments of up to $25 million based on the future performance of the operations that were sold. Conifer also sold its remaining interest in Sycamore Specialty Underwriters for a purchase price of $6.5 million, of which $3 million was paid at closing and the remaining $3.5 million is scheduled to be paid by the end of 2024. As a result of the sale, Conifer no longer has any insurance agency operations, and the company expects a significant decline in revenue. In connection with the transactions, Mr. Nick Petcoff resigned as the CEO and as a director of Conifer and accepted a position with the purchaser. The Board of Directors of Conifer has appointed Brian Roney, Conifer's President, to the position of CEO.