Beverly, Mass.-based Electric Insurance Co. has entered into an agreement for renewal rights to preferred personal lines business of Millers First Insurance Co. and Millers Classified Insurance Co. (collectively “Millers First”) in the Midwest.
The transaction allows Electric Insurance to provide renewal quotes for preferred direct response personal automobile, homeowners, and related insurance policies in Wisconsin, Illinois and Missouri.
Philo Smith Capital Corporation served as exclusive financial advisor to Electric Insurance.
Established in 1966 to specifically serve GE employees, Electric Insurance now extends its superior personal lines products and service to consumers inside and outside of the GE community.
Source: Electric Insurance Co.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
