Some trademarks of acquiring financial TGA
Hallmark Financial Services Inc. recently reported that plans for the acquisition of Texas General Agency Inc. and certain related companies.
TGA is a hotel of the Agency, that the markets for services and damage and accidents, with an emphasis on communication and automobile general liability risks. The acquisition includes insurance subsidiary TGA Golf USA social insurance, part of the re-operation by the TGA, TGA, Inc particular risk, mobile home insurance brokerage.
Closing conditions include, among others, the implementation of agreements concluded between employment TGA and the three different suppliers, obtaining the approval of the transaction Oklahoma Commissioner of Insurance, and Mark’s Hall prior or simultaneous d an associated company of purchase, Pan American Acceptance Corporation. The transaction is expected with effect from January 1, 2006. Philo Smith & Co. has served as an advisor to TGA in the transaction.
“We believe that TGA’s experienced management team and well established, generally speaking, the retail network and specialists are a complement to Hallmark Commercial Lines group,” said Mark E. Schwarz, Mark’s Hall, President and CEO.
Based in Fort Worth, Hallmark Financial covers the activities of sales and underwriting non-standard personal auto insurance in the first row in Texas, Arizona and New Mexico, sales and underwriting of commercial insurance, primarily Instead, in Texas, New Mexico, Idaho, Oregon, Montana and Washington, the administration of claims by third parties, insurance and other related services.
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