Conifer Holdings Acquires Mid-Continent Insurance Co.

Michigan-based insurance holding company Conifer Holdings (Conifer) announced the closing of its acquisition of Mid-Continent Insurance Co. Inc. (Mid-Continent) from the Fetterolf Group Inc. and Woodbine Holdings L.P. Terms of the transaction were not disclosed.

Mid-Continent was formed in 1969 and is a property and casualty insurance company domiciled in Pennsylvania that provides niche insurance products in Pennsylvania, Maryland, Ohio and Indiana.

Mid-Continent has annual revenues of approximately $15 million. A.M. Best has rated Mid-Continent Insurance “B+” (Good). Conifer Holdings Inc. is an insurance holding company serving the needs of specialized property and casualty risks.

Wholly-owned Conifer Insurance Co. is a Michigan domiciled insurance company founded in 1987.

Philo Smith & Co. acted as exclusive financial advisor and agent to Mid-Continent.

Source: Conifer Holdings

Topics Mergers & Acquisitions