April 20, 2010
Western National Insurance Group Affiliates with Wisconsin American
Western National Insurance Group of Edina, Minn. today announced plans to affiliate with Wisconsin American Mutual Insurance Company of Fond du Lac, Wisc. The transaction, approved by Wisconsin American’s Board of Directors, is subject to further Board and regulatory approval. A final closing is expected before fall 2010.
It is anticipated that Wisconsin American will continue to operate locally in Wisconsin as a separate entity writing personal and commercial lines, although under the ultimate management and control of Western National.
“As a century-old, Midwestern mutual insurance company committed to strong relationships and customer service excellence, Wisconsin American shares a number of qualities that make it a great affiliate for Western National,” said Stuart Henderson, president and chief executive officer of Western National. “We look forward to working with Wisconsin American’s fine staff and independent agency partners to grow our businesses and enhance financial protection for the benefit of our mutual policyholders.”
“This affiliation is a great opportunity for our organizations,” said Jim Herrick, president and chief executive officer of Wisconsin American. “Western National’s financial support and resources serve to bolster the protection and excellent service our customers know and deserve.”
Western National Insurance Group, headquartered in Edina, Minn., is a super-regional property-and-casualty insurance group writing over $240 million in Direct Premium in ten states. The group consists of four active companies (Western National Mutual Insurance Company, Western National Assurance Company, Pioneer Specialty Insurance Company, and Titan Property & Casualty Insurance Company) serving personal and commercial customers in Minnesota, Nevada, Oregon, South Dakota, Utah, Washington, and Wisconsin, as well as commercial customers in Iowa, Illinois, and North Dakota. All of the group’s products are sold exclusively through professional independent agents.
Wisconsin American Mutual Insurance Company, headquartered in Fond du Lac, Wisc., is a single-state property-and-casualty insurance company writing select commercial and personal lines. All of the group’s products are sold exclusively through professional independent agents.
For further information, please contact:
Mary S. Manley
SVP Corporate Affairs & Administration