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
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