Charles C. Caldwell, CEO of Oklahoma-based Caldwell and Partners Inc. (CAP), announced the acquisition of Midlands Holding Corp. (MHC) from PMA Capital Corp. (PMA).
Midlands Management Corp. (Midlands), a subsidiary of MHC, is a managing general agent and excess and surplus lines broker that also operates as a third party administrator (TPA) with its subsidiary Midlands Claim Administrators Inc.
Midlands operates countrywide from offices in Oklahoma City, Addison, Texas, and Calabasas, Calif. It is a leading writer of excess workers compensation, non-standard auto business, Texas non-subscription insurance, as well as special programs, on both an excess insurance and reinsurance basis.
Caldwell, a founder of Midlands in 1990, said that the company will continue to support its current platforms and will expand the company’s footprint geographically with its products and new programs. Caldwell and other founders sold Midlands to PMA in October 2007, and has operated as a unit of PMA from that time.
CAP is an independently owned Oklahoma insurance holding company.
Topics Mergers & Acquisitions Oklahoma
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