MGT Partners Acquires CM Select Insurance to Launch MGT Insurance.
MANews-(C)2009-2023
US-based insurance organisation MGT Partners LLC has acquired CM Select Insurance Company (CM Select) from US-based insurer of religious organisations Church Mutual Holding company Inc., to launch tech-enabled risk solutions platform, MGT Insurance, the company said.
Terms of the transaction were not disclosed.
Subject to approval of regulatory filings, CM Select will be rebranded as MGT Insurance focussed on the commercial property and casualty market.
MGT is providing further resources to expand its offering of BOP and package products to classes beyond religious and nonprofits, including veteran and minority-owned businesses.
CM Select is an insurance carrier that provides...
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