Johnson and Johnson to Acquire Wholesale Brokerage and Binding and Managing General Underwriting Divisions of Midlands Management.
MANews-(C)2009-2022
South Carolina, US-based Managing General Agency Johnson and Johnson, Inc. will acquire assets of Wholesale Brokerage and Binding and Managing General Underwriting units of Midlands Management Corp. to expand its footprint into Texas and Oklahoma, the company said.
Terms of the transaction were not disclosed.
Midlands is a wholly owned subsidiary of Safety National Casualty Corp. The parties expect the transaction to close April 29, 2022.
Midlands' WB and B and MGU units maintain a primary focus on speciality lines of coverage for both personal and commercial lines of business on an admitted...
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