Utica National Insurance Group finalized its purchase of Des Plaines, Ill.-based Founders Insurance Co. Utica officials announced that all regulatory approvals have been received, and all documents relating to the sale have been signed.
In the agreement, Utica Mutual, principal member company of the Utica National Insurance Group, has acquired Nationwide Holdings Inc., the holding company for Founders Insurance Co. and Founders Insurance Company of Michigan. Terms of the sale were not disclosed.
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