---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-029919"
form_type: "8-K"
ticker: null
cik: "0001065201"
company_name: "AMERINST INSURANCE GROUP LTD"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:17:05.023997+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AmerInst Insurance Group completes Protexure asset sale for $1.5M

## Summary
- Sale of substantially all Protexure assets closed Oct 31, 2023 for $1.5M cash.
- Buyer: MAC 43, LLC (Ohio limited liability company).
- Assets sold exclude cash and certain excluded assets as defined in APA.
- APA originally dated June 15, 2023; amendment filed Sept 19, 2023.

## SEC filing metadata
- accession: 0001437749-23-029919
- form_type: 8-K
- cik: 0001065201
- company_name: AMERINST INSURANCE GROUP LTD
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065201/000143774923029919/0001437749-23-029919-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065201/000143774923029919/aigltd20231101_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-029919
- JSON: https://secwatch.observer/filing/0001437749-23-029919.json
- Plain text: https://secwatch.observer/filing/0001437749-23-029919.txt

## Key facts
- M&A Transactions
  AMERINST INSURANCE GROUP LTD completed a disposition involving MAC 43, LLC for $1,500,000 (closed 2023-10-31).
  - Action: disposition
  - Counterparty: MAC 43, LLC
  - Consideration: $1,500,000
  - Closing: 2023-10-31
  source text: On October 31, 2023, Protexure Insurance Agency, Inc. (“PIA”), a Delaware corporation wholly owned by AmerInst Mezco, Ltd., a Bermuda entity wholly owned by AmerInst Insurance Group, Ltd., and Protexure Risk Purchasing Group, Inc. (“RPG,” and, together with PIA, “Protexure”), an Illinois not-for-profit corporation, completed the previously announced sale of substantially all of Protexure’s assets (other than cash and certain excluded assets) to MAC 43, LLC, an Ohio limited liability company (the “Purchaser”), pursuant to that certain Asset Purchase Agreement, dated as of June 15, 2023, by and among PIA, RPG, and Purchaser (as amended, the “APA”), in exchange for a purchase price of $1,500,000, paid in cash (the “Asset Sale”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065201/000143774923029919/0001437749-23-029919-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.