Republic Companies, Inc. (Republic) announced that it has acquired Four Corners Insurance Services, Inc. (Four Corners), a general agency based in Phoenix, Arizona. Four Corners specializes in non-standard auto insurance coverages produced through independent insurance agents.
Philo Smith Capital Corp. served as Four Corners’ broker in this transaction.
Parker W. Rush, President Chief Executive Officer of Republic commented, “We are excited about our acquisition of Four Corners. Four Corners will provide a proven profitable platform for writing non-standard auto business with its advanced policy management system and help us to provide bilingual services to the growing Hispanic market and expand our geographic reach. In addition, we plan to have Four Corners provide its services to develop non-standard auto business products for us in Louisiana, Mississippi and Arkansas over the next several months. We are pleased to welcome Mitchel Slater, President, and Robert Heveri, Vice President, of Four Corners, and their team to our organization, and we look forward to the company’s continued success as part of The Republic Group.”
“We are very pleased and energized by our sale to The Republic Group. This affords Four Corners the opportunity to expand our geographic spread and deliver enhanced personal lines services and products to our loyal agency force. We eagerly look forward to the future and bringing to our markets all the resources that The Republic Group has to offer.” said Mitchel Slater
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