Dallas — Republic Companies Inc. acquired Four Corners Insurance Services Inc., a general agency based in Phoenix, Ariz. Four Corners specializes in non-standard auto insurance coverages produced through independent insurance agents in Arizona, Oklahoma, Oregon, Utah and Washington, D.C. Philo Smith Capital Corp. served as Four Corners' broker in this transaction.
"We are excited about our acquisition of Four Corners," says Parker Rush, president and CEO of Dallas-based Republic. "Four Corners will provide a profitable platform for writing non-standard auto business with its advanced policy management system, help us to provide bilingual services to the growing Hispanic market and expand our geographic reach. In addition, we plan to have Four Corners provide its services to develop non-standard auto business products for us in Louisiana, Mississippi and Arkansas over the next several months."
Republic provides personal and commercial property/casualty insurance products through a group of insurance companies and related entities designated in the industry as "The Republic Group".
"We are very pleased and energized by our sale to The Republic Group," says Slater. "This affords Four Corners the opportunity to expand our geographic spread and deliver enhanced personal lines services and products to our loyal agency force. We eagerly look forward to the future and bringing to our markets all the resources that The Republic Group has to offer."
Source: Republic Companies Inc.
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