Imperial Management Corporation (“IMC”) has completed its acquisition of National Automotive Insurance Company (“NAIC”), an insurance company headquartered in Metairie, Louisiana. NAIC specializes in providing personal auto insurance exclusively in Louisiana and predominantly within the New Orleans and Baton Rouge metropolitan areas.
IMC said that the acquisition complements its strategy for organic growth and expansion throughout the southern United States. The acquisition of NAIC will nearly double Imperial's auto premium writings in Louisiana.
Marc Carter, chief executive officer of IMC, said, “I am pleased to have NAIC join the Imperial family of companies. NAIC has served its policyholders and agents with integrity and we will continue to build on that foundation for the future.”
At closing, NAIC will operate as a subsidiary of IMC, joining Imperial Fire & Casualty Insurance Company, ABC Insurance Agencies, and RAC Insurance Partners.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].