Unitrin, Inc. has announced that its subsidiary, Trinity Universal Insurance Company has entered into an agreement to acquire Merastar Insurance Company
Trinity will acquire Merastar Insurance in a cash transaction valued at approximately $45 million.
Merastar Insurance is based in Chattanooga, Tennessee and specializes in the sale of personal automobile and homeowners’ insurance through employer-sponsored voluntary benefit programs.
Unitrin is a $3 billion financial services company focused on creating shareholder value by providing a diverse array of insurance and consumer finance products and services for individuals, families and small businesses.
Among the brands in Unitrin’s Property and Casualty Insurance business are Kemper Auto and Home, Unitrin Specialty and Unitrin Business Insuranceand Unitrin Direct, which sells auto insurance directly to consumers.
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