Frontier Insurance Group has entered into a definitive agreement to sell Regency Insurance Company to Tomoka Re Holdings Inc., an affiliate of Tower Hill Insurance Group. Located in Charlotte, N.C., Regency underwrites specialty personal lines and markets nonstandard auto and homeowners. Harry W. Rhulen, Frontier’s president and CEO, said the sale is part of the company’s “Corrective Action Plan.” Frontier Insurance Group Inc. announced a net loss of $13.6 million for its first quarter 2000 unaudited results, compared to net income of $13.1 million for the first quarter of 1999.
Was this article valuable?
Here are more articles you may enjoy.
Florida Regulators Mulling New Rules on Market Conduct Exams, Reporting 
New Jersey E-Bike Registration, Insurance Requirements Now in Effect 
Iran Renews Attacks on Gulf States After Another Night of US Strikes 
Farmers Looks to Make it Easier for Consumers to Understand Insurance From This Issue
