FCCI Insurance Group, a Sarasota, Fla.-based commercial propertyand casualty insurance writer, said it has acquired the 20 percentof Brierfield Insurance Company of Jackson, Miss., it did not ownin a stock transaction. Financial details were not disclosed.

|

FCCI acquired the minority interest in Brierfield by also buyingMississippi Insurance Managers, also of Jackson, a managing generalagent.

|

FCCI has owned 80 percent of Brierfield since it beganoperations in 1999. It has about $30 million in writtenpremiums.

|

G.W. Jacobs, president and chief executive officer of FCCI, saidthe Brierfield purchase was part of FCCI's long term strategicgoals.

|

FCCI will retain an office in Jackson under the leadership ofTom Quaka, Brierfield's president at the time of the acquisition.Brierfield has approximately 35 employees. They will be retained,FCCI officials said.

|

In addition to Brierfield Insurance Company, FCCI InsuranceGroup companies include: FCCI Insurance Company, National TrustInsurance Company, FCCI Commercial Insurance Company, MonroeGuaranty Insurance Company, and FCCI Advantage InsuranceCompany.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.