Partners Mutual Insurance Co. is partnering with Pennsylvania National Mutual Casualty Insurance Co. Pursuant to the agreement, after closing, Penn National Insurance and Partners Mutual will enter into an Intercompany Reinsurance Pooling Agreement.

The parties expect that by joining the Penn National Insurance pool, Partners Mutual will be assigned Penn National Insurance's pooled rating (of A-, excellent) by A. M. Best. Penn says the affiliation agreement was approved by the boards of directors of both companies and is subject to regulatory approval, which is expected by year-end 2011.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access