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Everett Cash Mutual Insurance Company Acquires American Reliable’S Farm, Ranch, And Equine Business

Everett Cash Mutual Insurance Company Acquires American Reliable’S Farm, Ranch, And Equine Business

08/08/22, 8:32 PM
Industry
agriculture and farming
Global Indemnity Group, LLC (NYSE:GBLI) ("GBLI"), announced today that American Reliable Insurance Company (“ARIC”), a GBLI subsidiary, completed the disposition of ARIC’s Farm, Ranch, and Equine book of renewal business to Everett Cash Mutual. GBLI also announced that it agreed to sell ARIC to Everett Cash Mutual (ECM), which, subject to regulatory approvals and customary transactional conditions, is expected to close in or before the first quarter of 2023. GBLI and ECM anticipate that the renewal rights and acquisition transactions will further enhance ARIC’s provision of products and services to both ARIC’s policyholders and to ARIC’s agency partners.

Company Info

Company
Everett Cash Mutual
Company info
Founded in 1913, Everett Cash Mutual Insurance Co. is a property/casualty mutual insurer focused on serving the farm and agri-business sector. ECM provides state of the art products and technology to support its marketing territory. ECM is rated A “Excellent” by A.M. Best.