IAT Insurance Group Receives Regulatory Approvals for Acquisition of IFIC Surety Group, Inc.
September 20, 2018
Raleigh, NC (September 20, 2018) — IAT Insurance Group (IAT), a leading provider of specialty property and casualty products, announced today that the company has received regulatory approvals for its acquisition of IFIC Surety Group, Inc. The final closing of the acquisition is anticipated on September 28, 2018.
IFIC consists of International Fidelity Insurance Company and its subsidiary Allegheny Casualty Insurance Company. The group has almost 200 employees, over $150 million in gross written premium, is the largest privately held surety company, and is the eighth largest surety writer in the United States.
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About IAT Insurance
IAT Insurance Group is a privately owned, specialty insurance company providing property and casualty products for businesses and individuals. IAT goes to market through six business units – Commercial Transportation, Specialty, Programs, Inland Marine, Excess Casualty Mid-Market, and Assumed Reinsurance. The IAT Insurance Group companies are rated A- Excellent by A.M. Best. Connect with IAT Insurance Group on LinkedIn and Facebook, and learn more about the company at www.iatinsurancegroup.com.