Old Guard Group, Inc. has received shareholder approval for its acquisition by Ohio Farmers Insurance Company. With more than 71% of the outstanding stock voting, 92% were voted in favor of the transaction. The transaction will close at the end of month that follows state regulatory approval, which could be as early as September 30.
The Westfield Companies is the communicative name of Ohio Farmers Insurance Company and the four insurance companies owned by it. The company’s beginning dates back to 1848, and it currently conducts property and casualty business in 20 states. Westfield Companies have annual revenue of approximately $900 million and are rated A+ (Superior) by A.M. Best Company.
Old Guard Insurance Group, is headquartered in Lancaster, Pennsylvania and has offices in Smyrna, Delaware and Richmond, Virginia. The Group is comprised of Old Guard Insurance Company, Old Guard Fire Insurance Company, First Patriot Insurance Company, Neffsville Mutual Fire Insurance Company, First Delaware Insurance Company, and Southern Title Insurance Corporation.
The Group serves property and casualty policyholders throughout Pennsylvania, Maryland, and Delaware. In addition, Old Guard provides title insurance and related services in Virginia, North Carolina, Washington, D.C., Ohio, Pennsylvania, and Maryland through Southern Title Insurance Corporation. The Group has annual revenue over $100 million and is rated A- (Excellent) by A.M. Best for property and casualty business.
Was this article valuable?
Here are more articles you may enjoy.