MGT Partners Acquires CM Select Insurance Company in Wisconsin

MGT Partners LLC acquired CM Select Insurance Company from Church Mutual Holding Company Inc.

The deal is subject to approval of regulatory filings. CM Select will be rebranded as MGT Insurance and operate as a tech-enabled risk solutions platform focused on the commercial property/casualty market.

MGT is providing further resources to expand its offering of business owners policy and package products to classes beyond religious and nonprofits, including veteran and minority-owned businesses.

CM Select is an insurance carrier that provides commercial P/C insurance to smaller religious and non-profit organizations. CM Select has a digital-first interface and distributes through third-party brokers and Church Mutual agents.

MGT commercial P/C insurance for the broker and the policyholder.

Church Mutual Insurance Company offers specialized insurance for religious organizations, public and private K-12 schools, colleges and universities, senior living facilities, secular and non-secular camps and conference centers, and nonprofit and human services organizations throughout the U.S.