Deal snapshot: THE HARTFORD TO ACQUIRE FOREMOST-BRANDED SMALL COMMERCIAL BOOK OF BUSINESS FROM FARMERS.
US-based insurer The Hartford has entered into a renewal rights agreement with the Farmers Exchanges to acquire its Foremost-branded small commercial
business sold through independent agents, the company said.
The Foremost-branded small commercial independent agent book of business, which is sold through more than 5,000 agents and brokers nationwide, has approximately USD 200m in annual premium as of Dec. 31, 2017. It consists of three primary lines of business underwritten by Foremost Insurance Group: business owner's policy for property, general liability and umbrella; commercial auto; and workers' compensation.
Target: Foremost-branded small commercial business sold through independent agents
Buyer: The Hartford
Vendor: Farmers Exchanges
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
|Printer friendly Cite/link Email Feedback|
|Publication:||M & A Navigator|
|Date:||Feb 22, 2018|
|Previous Article:||Moog to Acquire Czech Electric Motor Manufacturer VUES for EUR 53m.|
|Next Article:||PCI, LeapFrog, Carousel Merge to Form Yes and Agency.|