Insurance holding company W. R. Berkley Corp., based in Greenwich, Conn., is acquiring acquire CGH Insurance Group, the owner of American Mining Insurance Co.
American Mining, based in Birmingham, Alabama, has specialized in providing insurance protection to the mining industry since 1989.
The agreement, dated August 31, 2007, is subject to a number of conditions, including the approval of the Alabama Department of Insurance. Terms of the transaction were not disclosed.
Upon the closing of the transaction, Chandler F. Cox, Jr., American Mining’s current president and chief executive officer, and Dominick Giovannelli, its executive vice president and chief financial officer, will continue serving in those roles.
Source: W. R. Berkley Corp.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Insurance Platform Corgi Valued at $2.6B in Funding Round 
M&A Lawyer Pleads Not Guilty to Leading Insider-Trading Ring 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
