Nationwide May Be in Acquisition Talks with Harleysville

NU Online News Service, Sept. 26, 12:19 p.m. EDT

Nationwide Mutual Insurance Co. may be in talks to acquire Harleysville Group based in Pennsylvania, according to a report from Bloomberg.

Talks were ongoing and could still collapse, the report says, citing anonymous sources.

In an e-mail today from Nationwide, Joe Case, a spokesman for the company, says the company continually reviews “potential opportunities that come to our attention, but we are not in a position to publicly comment or speculate on those opportunities.”

Randy Buckwalter, spokesman for Harleysville says, in an e-mail, “We don’t comment on these types of matters.”

According to Highline Data, a Summit Business Media Co., that also owns National Underwriter, Nationwide, based in Columbus, Ohio, is ranked as the eighth largest property and casualty insurer in the United States with more than $14 billion in direct premium written in 2010. Harleysville is ranked 53 with more than $1.25 billion in direct premium written.

The Bloomberg story, which appeared Friday, is “Nationwide Is Said To Be in Talks To Buy Harleysville Group.”     

Comments

Resource Center

View All »

Making Coverage Letters Work for Your Clients

If you're a broker or insurance buyer with any length of service in the commercial...

Complimentary White Paper: The Compression of Workplace Time

How brokers and carriers respond to the compression of workplace time will create significant competitive...

The Changing Insurance Consumer: 6 Ways to Create Profitable Relationships

Today’s mobile and web-savvy consumers have new expectations when it comes to interacting with your...

Contractors General Liability Coverage 102

What is a prior work exclusion? Which option is right for my client? Why do...

Sign up today to get a 50% matching credit -...

Insurance marketing sometimes seems like it's a game of swings and misses, but we're here...

Guide: 5 Steps to Selling Cyber

Cyber risk and data security is on the agenda of every business owner and executive....

Citation Correlation

Do rigger and signalperson qualifications correlate with the cause of crane and rigging accidents? ...

Complete Guide to Electronic Signatures in Property & Casualty Insurance...

In property and casualty insurance, closing new business quickly is key. Learn how to leverage...

INSTANT ACCESS: Complimentary Sales Closer Questionnaires

Help property owners or managers compare your commercial residential property insurance coverage vs. the competition....

Determining Vacant Property Perils and Valuations

Are your clients fully covered for Vacant Properties? In this economic climate, your insureds may...

Personal Lines Pro eNewsletter

Critical insights into the personal auto, homeowners, and other consumer insurance markets to help P&C professionals stay informed – FREE! Sign Up Now!

Advertisement. Closing in 15 seconds.