Western National Completes Deal For Titan P&C

According to Highline Data Service, in 2008 Titan Property & Casualty reported direct written premium of $14,980 and net loss of $19,100. The company reported assets of $2.5 million and surplus of $2.48 million.

Highline Data is a subsidiary of Summit Business Media, which also owns National Underwriter.

"With the sale closed, we can now move forward in working with Titan's fine staff and independent agency partners to grow our presence in the Midwest," said Stuart Henderson, president and chief executive officer of Western National. "Between the greater geographic diversification and the addition of Titan's book of business, our newly expanded group of companies is well positioned to increase profit and enhance stability for our mutual policyholders."

Western National Insurance Group says it is a super-regional P&C insurance group writing over $240 million in direct premium in ten states. The company said the group now consists of four active companies, Western National Mutual Insurance Company, Western National Assurance Company, Pioneer Specialty Insurance Company, and Titan. The group serves personal and commercial customers in Minnesota, Nevada, Oregon, South Dakota, Utah, Washington, and Wisconsin, as well as commercial customers in Iowa, Illinois, and North Dakota. All of the group's products are sold exclusively through independent agents.