FCCI Insurance Group (FCCI), a Sarasota, Florida-based commercial property and casualty insurer writing in excess of $500 million written premium in 14 states, has purchased Mississippi Insurance Managers.
The transaction gives FCCI the remaining 20 percent of Brierfield Insurance Co., a P/C carrier with offices in Jackson, Mississippi. FCCI has owned 80 percent of the company since its beginning in 1999.
G.W. Jacobs, president and CEO of FCCI, said the Brierfield purchase was part of FCCI’s long term strategic goals.
FCCI will retain an office in Jackson under the leadership of Tom Quaka, Brierfield’s president at the time of the acquisition. Approximately 35 employees who helped build about $30 million in written premium for the company will also remain.
In addition to Brierfield Insurance Co., FCCI Insurance Group companies include: FCCI Insurance Co., National Trust Insurance Co., FCCI Commercial Insurance Co., Monroe Guaranty Insurance Co. and FCCI Advantage Insurance Co..
Established in 1959, FCCI is rated A- (Excellent) by A.M. Best Company. FCCI has regional offices in Carmel, Indiana and Duluth, Georgia, as well as a branch office in Lake Mary, Flor.
Source: FCCI’s Web site