Connecticut-based W. R. Berkley Corp. reports it has closed on the acquisition of CGH Insurance Group, the owner of American Mining Insurance Co.
Terms of the transaction were not disclosed.
American Mining, based in Birmingham, Alabama, has specialized in providing insurance protection to the mining industry since 1989.
As earlier indicated, Chandler F. Cox, Jr. will remain as American Mining’s president and chief executive officer, and Dominick Giovannelli will continue as its executive vice president and chief financial officer.
W. R. Berkley Corp. is an insurance holding company that operates in five segments of the property casualty insurance business: specialty insurance, regional property casualty insurance, alternative markets, reinsurance, and international.
Source: W.R. Berkley Corp.
Topics Mergers & Acquisitions Carriers
Was this article valuable?
Here are more articles you may enjoy.
Premiums Will Skyrocket by 2035; Discounts Not Enough for Wind Mit, Studies Say 
Allstate Sued by Oklahoma for Alleged Scheme to Underpay Claims 
Honda’s Insurance Agency Operations Stall, Services ‘Paused’ 
NYC to Publicly Identify Buildings Testing Positive for Legionnaires’ Bacteria 
