Bankers to Acquire Additional Shares of Insurance Management Solutions

Bankers Insurance Co. announced today the intent to purchase up to 250,000 outstanding shares of common stock of Insurance Management Solutions Group Inc. Insurance Management Solutions Group is a majority owned subsidiary of Bankers Insurance Group.

Bankers Insurance Co. is a wholly-owned subsidiary of Bankers Insurance Group and a principal customer of Insurance Management Solutions Group. Bankers Insurance Co. said it would purchase the shares of common stock, from time to time, through open market purchases or in negotiated private transactions. Bankers Insurance Co. said it will base purchase decisions on such factors as the stock price and general economic and market conditions.

Topics Mergers & Acquisitions