National General Holdings to Buy National Farmers Union Insurance
November 13 2018 - 5:53PM
Dow Jones News
By Stephen Nakrosis
National General Holdings Corp. (NGHC) said Tuesday it will
acquire National Farmers Union Property and Casualty Company from
QBE North America, in a deal worth about $43 million.
National General Chief Executive Officer Barry Karfunkel said,
"We are excited to continue to expand our personal lines portfolio
through the acquisition of National Farmers Union Insurance."
National Farmers Union Insurance, which is based in Wisconsin,
predominantly writes personal and farm auto and farm and
homeowners' insurance in the Midwest U.S., National General
said.
The transaction is expected to close in the first half of
2019.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 13, 2018 17:38 ET (22:38 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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