Los Angeles – At a time when acquisitions are plentiful in the insurance industry (see "More Acquisitions For the Insurance Industry") Los Angeles-based Farmers Insurance Group of Companies announced the completion of its acquisition of non-standard auto insurer, Davie, Fla.-based Bristol West Holdings Inc.Bristol West began providing private passenger auto insurance to Florida residents in 1973. Since that time, it grew to be a provider of liability and physical damage insurance at competitive prices. Bristol West operates in 26 states.
"Adding Bristol West's non-standard auto insurance business to the Farmers platform is a great fit and will contribute to increase our outreach," says Paul Hopkins, CEO of Farmers Group Inc. "Their innovative product capabilities combined with Farmers' distribution breadth and operational excellence will benefit our entire organization and, most importantly, our customers."
"Among the many things we like about Bristol West is its reputation for stressing high-quality service to its customers and agents alike," says F. Robert Woudstra, president and COO of Farmers Group Inc. "They are the best in class when it comes to providing leading-edge tools to manage their business, improve efficiencies, and deliver great service. Combine that with the overall strength and great reputation of Farmers and you have a winning combination with a very bright future."
Source: Farmers Insurance Group of Companies
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