Meadowbrook Insurance Group, Inc. Receives Regulatory Approvals from the Department of Insurance and Financial Services of the State of Michigan Regarding the Acquisition By Fosun International Limited

SOUTHFIELD, Mich., June 22, 2015 /PRNewswire/ -- Meadowbrook Insurance Group, Inc. (NYSE: MIG) announces that on June 18, 2015, the Company received the required regulatory approvals from the Department of Insurance and Financial Services of the State of Michigan regarding the acquisition of control of the Company's insurance company subsidiaries domiciled in Michigan, which include Star Insurance Company, Ameritrust Insurance Corporation, ProCentury Insurance Company and Williamsburg National Insurance Company.  The Company previously received approval from the Department of Insurance Securities and Banking in Washington D.C. for ProCentury Risk Partners Insurance Company.  Closing the merger contemplated by the Merger Agreement remains subject to the fulfillment or waiver of certain other customary closing conditions that have not yet been satisfied, including receipt of remaining required insurance regulatory approvals for its insurance companies commercially domiciled in the state of California, as well as Missouri (Savers Property and Casualty Insurance Company) and Ohio (Century Surety Company.)  The applications for insurance regulatory approvals in each of those states are substantially complete.

About Meadowbrook Insurance Group

Meadowbrook Insurance Group, Inc., based in Southfield, Michigan, is a leader in the specialty program management market.  Meadowbrook includes several agencies, claims and loss prevention facilities, self-insured management organizations and six property and casualty insurance underwriting companies. Meadowbrook has twenty-eight locations in the United States. Meadowbrook is a risk management organization, specializing in specialty risk management solutions for agents, professional and trade associations, and small to medium-sized insureds.  Meadowbrook Insurance Group, Inc. common shares are listed on the New York Stock Exchange under the symbol "MIG". For further information, please visit Meadowbrook's corporate web site at http://www.meadowbrook.com.

SOURCE Meadowbrook Insurance Group, Inc.

Related Links

http://www.meadowbrook.com

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED