Waco, Texas-based Insurors Indemnity has signed a definitive agreement to purchase insurance carrier Colonial Lloyds, headquartered in Fort Worth, pending regulatory approval.
Colonial Lloyds has been serving the Texas homeowners insurance market since 1981.
Insurors Indemnity said it is positioned to build on Colonial Lloyds range of residential policy forms and endorsements offering a competitive market for moderate value residential properties and older structures.
Insurors Indemnity, a regional insurance carrier, markets its property/casualty and surety products in Arkansas, Arizona, New Mexico, Nevada, Louisiana, Oklahoma, Texas and Utah through independent agents. It also offers premium finance through its subsidiary Roadrunner Premium Finance Company.
Topics Mergers & Acquisitions Carriers
Was this article valuable?
Here are more articles you may enjoy.
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget 
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership 
Florida Supreme Court Posts New Rule on AI Hallucinations in Court Filings 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
