Western National Insurance Group of Edina, Minn. has completed the purchase all of the stock of Las Vegas, Nev.-based Nevada General Insurance Co., AIC America, and its wholly owned affiliates Auto Insurance America (New Mexico) and Auto Insurance America (Arizona) from Mutual of Enumclaw Insurance Co.
The closing follows due diligence and the receipt of approval by Nevada General’s shareholders, Western National’s board of directors, and regulatory authorities. Terms of the deal were not revealed.
Nevada General and its affiliates will continue to operate locally in Las Vegas, reporting to Western National’s existing non-standard auto insurance company, Arizona Auto Insurance Company, based in Phoenix, Ariz.
The newly added companies will continue to write non-standard auto insurance in Nevada and New Mexico, under the ultimate management and control of Western National and with its full financial support.
Western National is a super-regional property/casualty insurance group writing in 19 states, plus surety in an additional seven states.
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