According to the Insurance Journal, Mercury General has added insurance firm Auto Insurance Specialists to its portfolio. This gives Mercury a large presence in the California auto insurance market through the Auto Insurance Specialists, Aon Recreation Insurance, and PoliSeek brand names. In 2007, AIS wrote about $400 million worth of direct premiums.
The deal was brokered by Aon Corp. Mercury paid $120 million in cash immediately, with the possibility of an additional $34.7 million over the next two years. This deal will further expand the reach of Mercury's auto insurance subsidiaries.
Showing posts with label aon. Show all posts
Showing posts with label aon. Show all posts
Tuesday, January 13, 2009
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