Clarendon Insurance Group has signed a definitive agreement to purchase Redland Insurance Co. from Acceptance Insurance Companies Inc., inking a deal that was announced in late January. The purchase will be made with cash and Acceptance will retain all Redland assets associated with Acceptance’s crop insurance operations. Acceptance retains an option to repurchase Redland under certain circumstances and will be appointed the exclusive representative of Redland for the business Acceptance currently writes through Redland.
Was this article valuable?
Here are more articles you may enjoy.
Trump to Issue Order Creating National AI Rule 
‘Dream Is in Sight:’ Chamber, Reinsurers, Insurers Urge Florida to Stay the Course 
Death of Teenager on Carnival Cruise Ship Ruled a Homicide 
In Alabama, Shot Employee Gets No Workers’ Comp and No Employer’s Liability From This Issue
