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.
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