Great American Insurance Group and Service Lloyds Insurance Co. announced the acquisition of Service Lloyds’ Texas nonsubscription book of business by Great American. The acquisition was effective April 29, 2016.
The subject business represents approximately $5 to $7 million in in-force gross written premium.
Great American has been providing employers’ primary indemnity coverage for employers that opt out of the Texas workers’ compensation system since 2009. In 2012, Great American purchased Employers Comp Associates Inc. (ECA), a provider that has offered alternative workers’ compensation programs in Texas for more than 20 years.
The Service Lloyd’s transaction represents Great American’s ongoing commitment to the Texas nonsubscription marketplace, the company said.
Topics Mergers & Acquisitions Texas
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