Associated Banc-Corp to acquire Anderson Insurance & Investment Agency, Inc.
ABRC is a multi-line insurance and Midwest-based consulting firm with more than 400 employees. Anderson, which was founded in 1927, adds a range of complementary services and significant expertise in workers' compensation and executive risk management services.
"The investment in Anderson is a continuation of our strategy to expand our overall suite of financial and risk management services for our customers," said
Based on 2017 financials, and the
"It is an extremely exciting time for us. After a long and highly successful history, we look forward to extending our competency to a greater scale while also expanding the breadth of services we can offer our customers," said
"We are pleased to welcome the seasoned and experienced Anderson team to Associated. Management from our firms have known each other for a number of years making this a great fit for our strategy, culture and customers," said
As part of the proposed transaction, key Anderson executives will continue leadership roles for some time. Along with current ABRC senior leadership, the team will be responsible for the thoughtful integration and expansion of the business going forward.
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Statements made in this document which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "should," "will," "intend," "outlook," or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include those identified in the Company's most recent Form 10-K and subsequent
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SOURCE
Arch Capital Group Ltd. Reports 2018 First Quarter Results
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