In hopes that a larger policyholder base and larger economic foundation will facilitate expansion, Lincoln Mutual Holding Co. and WFR Mutual Insurance Holding Co. will merge to form one company called Lincoln Insurance Group Inc.
The deal between the Lincoln, Neb.-based insurers is expected to be completed by March 1 subject to regulatory approval. The combined company will have more then 200,000 policyholders and $981 million in assets. No job cuts are expected due to the merger.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
Navigators Can’t Parse ‘Additional Insured’ Policy Wording in Georgia Explosion Case 
China Plans $29 Billion Capital Injection Into Biggest Insurers 
Progressive Q4 Income Up 25%; CFO Sauerland to Retire in July 
Howden-Driven Talent War Has Cost Brown & Brown $23M in Revenue, CEO Says 
