Johnson & Johnson Acquires Oklahoma’s Midlands Management WB&B and MGU Units

June 7, 2022

Johnson & Johnson acquired the assets of the wholesale brokerage & binding (WB&B) and managing general underwriting (MGU) units of Oklahoma City, Oklahoma-based Midlands Management Corporation.

Midlands is a wholly owned subsidiary of Safety National Casualty Corporation. The parties expect the transaction to close April 29, 2022.

Founded in 1990, Midlands’ WB&B and MGU units maintain a primary focus on specialty lines of coverage for both personal and commercial lines of business on an admitted and non-admitted E&S basis. Midlands’ MGU unit acts as an underwriting manager for various insurance companies for which it primarily underwrites ICOA insurance, Texas Non-Subscriber and related insurance products.

The WB&B unit distributes admitted and non-admitted general, commercial and personal property and casualty products for small-to-mid sized commercial businesses and individuals.

Johnson & Johnson is a fourth generation, family-owned Managing General Agency based in Charleston, South Carolina. Founded in 1930, Johnson & Johnson enjoys a long history of providing superior service and products to Independent Agencies while maintaining its family culture. Johnson & Johnson will add a broad portfolio of first-class products and services to agencies and insureds in Texas and Oklahoma.

Topics Mergers & Acquisitions Insurance Wholesale Oklahoma

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