James L. Saner Sr., president and chief executive of Indiana United Bancorp, has signed a letter of intent to acquire the insurance agencies of Vollmer & Associates Inc. The agencies will be merged with the operations of The Insurance Group, which was formed in 1999 and is wholly owned by Indiana United Bancorp.
Incorporated in 1996, Vollmer & Associates is a community-focused company with four offices servicing Madison, Batesville, Osgood and Brookville, Indiana. The company specializes in property and casualty insurance, which will take the combined gross premiums of The Insurance Group to approximately $13 million per year. The transaction is expected to close in the first quarter of 2001.
Was this article valuable?
Here are more articles you may enjoy.
Troubled Alabama City Loses its Liability Insurance Coverage 
Law Restricts Her From Reducing ‘Excessive’ $91M Injured Worker Award, Judge Finds 
Hackers Hit Bitcoin’s Safest Hiding Place in Ongoing Attack 
Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
