American Physicians Service Group Merger Approved by Texas Regulators

American Physicians Service Group Inc. announced that the Texas Department of Insurance has approved the merger of American Physicians Insurance Exchange with APS. The merger, announced in June 2006, has been progressing steadily through the regulatory process.

The merger still requires the approval of the shareholders of APS and the subscribers of American Physicians Insurance Exchange. The shareholder and subscriber meetings have not yet been scheduled, but are expected to occur in March.

APS is a management and financial services firm with subsidiaries and affiliates which provide: medical malpractice insurance services for doctors; and brokerage and investment services to institutions and high net worth individuals. The company is headquartered in Austin, Texas and maintains offices in Dallas.

Source: APS

Topics Mergers & Acquisitions Texas