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Response Insurance Acquiring National Merit Insurance Company From Unigard; Continues Strategy of Acquisitions and Growth.
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PR Newswire
- Article date:
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September 15, 2003
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Copyright informationCOPYRIGHT 2003 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MERIDEN, Conn., Sept. 15 /PRNewswire/ -- Response Insurance Company, a direct-to-the-consumer auto insurer, announced it has signed a stock purchase agreement to acquire National Merit Insurance Company from Unigard Insurance Company, a subsidiary of Winterthur Swiss Insurance Company.
The purchase will provide Response with a highly attractive customer base in the strategic northwest region of the country. This is the latest acquisition in a string of purchases that has made Response the most prolific acquirer in the direct auto insurance industry. In April, Response closed on the purchase of the Worldwide Insurance companies that doubled the size of the Company.
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