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Frontier Insurance Group has completed the sale of Regency Insurance Company to Tomoka Re Holdings, an affiliate of Tower Hill Insurance Group, for $7.1 million. The sale is part of the company’s corrective action plan. The proceeds of the sale will be used for corporate purposes, including repayment of debt. Frontier is an insurance holding company that, through its subsidiaries, is a national underwriter and creator of specialty insurance products serving the needs of insureds in niche markets.