Western National Completes Purchase of American Freedom Insurance
Western National Mutual Insurance Co., based in Edina, Minn., has closed forward the purchase of 100 percent of the permanent of Arlington Heights, Ill.-based Dynamic Insurance Group, father holding company of American Freedom Insurance Co.
American Freedom Insurance be disposed operate independently as a separate being writing non-standard automobile coverage in Illinois, Indiana and Pennsylvania, below the ultimate management and control of Western National and through its full financial support.
The economy team of Frank Phelan and Larry Sullivan bequeath continue to lead American Freedom, into junction with all of the existing bat, in their current offices in Illinois, like they have been doing for the continue 14 years.
Stuart Henderson, president and master executive officer of Western National, commented that American Freedom’s “specialty book of business complements the similar swelling of the Group in non-streamer auto in the Southwest and California, adding a modern profit center to the diversified portfolio of Western National.”
Western National Insurance Group is a super-regional property/unforeseen event insurance group writing more than $315 the masses in direct premium in 14 states.
American Freedom Insurance Co. writes added than $16 million of non-ensign personal auto in Illinois, Indiana and Pennsylvania. The body also sells its products exclusively through professional independent agents.
Philo Smith & Co. served because sole financial advisor to Western National steady this transaction.
Category: World Insurance
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