Nationwide Mutual Insurance Co. will acquire Harleysville Mutual Insurance Co. in a deal valued at around $800 million.
“This combination brings together two best-in-class companies that share a mutual heritage and a focus on meeting the long-term needs of our policyholders,” says Steve Rasmussen, CEO of Nationwide.
Michael Browne, president and CEO of Harleysville, says the transaction “will enable us to expand our business for our independent-agency partners and to enter important new markets from a position of even greater strength.”
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