Farmington Conn.-based FMG Acquisition Corp.’s stockholders approved a merger with United Insurance Holdings L.C., a Florida based homeowners underwriter and selected small business insurer.
As a result of the Sept. 29 merger, FMG will change its name to United Insurance Holdings Corp. In addition to approving the merger, FMG stockholders also approved certain amendments to FMG’s certificate of incorporation and the election of three United members to the company’s board of directors.
The majority of United’s premiums and policies are through homeowners insurance, which it distributes through approximately 200 agency groups dispersed throughout Florida. United says it represents 1 percent of the Florida homeowners insurance market.
The company expects to report financial results for its third quarter and nine-months ended Sept. 30 within the required 45 day period after the end of the three-month period.
Source: United Insurance Holdings L.C.
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