Frontier Insurance Group has signed a non-binding letter agreement for the sale of all outstanding capital stock of Western Indemnity Insurance Co., a Texas corporation, for cash to Galtney Investment Inc. of Houston.
The proposed sale is subject to the completion of a mutually satisfactory definitive agreement and regulatory approval. Terms of the transaction will be disclosed upon completion of a definitive agreement. Banc of America Securities is acting as financial advisor to Frontier with regard to this transaction.Frontier is an insurance holding company that, through its subsidiaries, is a national underwriter and creator of specialty insurance products serving the needs of insureds in niche markets.
Was this article valuable?
Here are more articles you may enjoy.
Brookfield Targets Global Dominance in P/C Insurance Coverage 
WTW to Acquire Newfront in Deal Worth Up to $1.3B 
Hartford: 10-Year Analysis Shows Shifts in Common, Expensive Small-Business Claims 
California Again Delays Wildfire Protection Rules for Homes 
