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WRM America Holdings LLC, a specialty-lines property and casualty insurance and risk-management holding company, has reached a definitive agreement to acquire Fidelity National Financial’s flood and excess flood business—Fidelity National Indemnity Insurance Co. (FNII)—for $210 million.

WRM says FNII will operate as a wholly owned subsidiary of WRM America, continuing to be led by Patty Templeton-Jones and G. Michael Sloane, who will become members of WRM America senior management. 

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