FRONTIER COMPLETES REGENCY SALE
Frontier Insurance Group has completed the sale of Regency Insurance Company to Tomoka Re Holdings, an affiliate of Tower Hill Insurance Group, for $7.1 million. The sale is part of the company’s corrective action plan. The proceeds of the sale will be used for corporate purposes, including repayment of debt. Frontier is an insurance holding company that, through its subsidiaries, is a national underwriter and creator of specialty insurance products serving the needs of insureds in niche markets.
Popular Today
- Palm Beach Revolt Forces Sylvester Stallone to Abandon Mansion Sea Barrier
- Surviving the ‘Silver Tsunami’: Closing the Talent, Skills Gap in Underwriting
- Cleveland Clinic Plans New Hospital, Larger Outpatient Center in South Florida
- Senate Says Climate Is Causing Insurance ‘Crisis’; Industry Strikes Back