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Article: Market Moves.(briefs)
- Article from:
- Business Insurance
- Article date:
- July 20, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, 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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Ironshore, Rockwood to acquire Wright & Co.
ARLINGTON, Va.Ironshore Holdings (U.S.) Inc. and Rockwood Programs Holdings Inc. have entered into an agreement to acquire Wright & Co., a program administrator that handles professional liability and benefits for employees of the U.S. government.
Wilmington, Del.-based Rockwood and the U.S. subsidiary of Hamilton, Bermuda-based Ironshore Inc. plan to buy all issued and outstanding capital shares of Arlington, Va.-based Wright & Co., according to an Ironshore statement.
Wright & Co. administers professional liability coverage and employee benefits for federal government workers, particularly the FBI ...