Acceptance Insurance Companies Inc. Acquires Assets
Acceptance Insurance Companies Inc. and IGF Insurance Company came to terms on a definitive agreement for American Agrinsurance and other Acceptance affiliates to buy the crop insurance assets of IGF Insurance Company for cash as well as and the assumption of some insurance and reinsurance contracts to be decided before closing.
The purchase is subject only to customary conditions and regulatory approvals, which the companies figure to obtain before the end of June. Directors of all affected companies have given the go-ahead on the agreement.
Dating back to January 2000, Acceptance has sold a number of its property/casualty insurance operations, including a transaction earlier in May.
Popular Today
- Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court
- Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance
- Berkshire’s Jain on Cyber: ‘The Mindset Should Be You’re Not Making Money’
- Fannie/Freddie Rock Insurance World With Guidelines That Bar ACV Coverage for Homes