Brief: Donegal Mutual Insurance, Mountain States Insurance enter strategic affiliation

Donegal

16/12/2016 16:04

Dec 16 (Reuters) - Donegal Group Inc  DGICA.O  
    * Donegal Mutual Insurance Company - co and Mountain States 
insurance group announce strategic affiliation 
    * Will exclude business of Mountain States Insurance group 
from its pooling agreement with atlantic states insurance 
company 
    * Agreement whereby policyholders of mountain states will 
merge with and into Donegal Mutual 
    * Executive officers of mountain states will become officers 
of Donegal Mutual 
    * Board of directors of mountain states mutual has 
unanimously approved merger 
    * Upon consummation of merger, will enter quota share 
reinsurance, services, technology license deals with Mountain 
States' insurance units 
 
Source text for Eikon:  ID:nGNXNNNXNa  
Further company coverage:  DGICA.O  
 
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