Applied Underwriters Acquires Oklahoma Property and Casualty Insurance

Applied Underwriters’ affiliate, North American Casualty Co., has completed its acquisition of Oklahoma City-based Oklahoma Property and Casualty Insurance Co. (OP&C).

Applied Underwriters plans to make various changes with respect to OP&C, as well as the Texas Insurance Co. (TIC), which is also owned by North American Casualty.

The company’s strategic plans call for repurposing TIC to expand its excess and surplus (E&S) capabilities nationally in support of the company’s trucking programs and other divisions now organized under Applied Specialty Underwriters, led by Chris Day, and Applied Financial Lines, led by Steve McGill.

Additionally, the company will strengthen OP&C’s ability to write admitted business in the South Central region.

With the acquisition of OP&C, North American Casualty now encompasses The California Insurance Co., Continental Indemnity Co., Illinois Insurance Co., Texas Insurance Co., Pennsylvania Insurance Co. and Oklahoma Property and Casualty Insurance Co.

Applied Underwriters is based in Omaha, Nebraska.

Source: Applied Underwriters

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Topics Mergers & Acquisitions Underwriting Property Property Casualty Casualty Oklahoma