Well, there’s nothing like a bit of acquisition news to start of the week. From a wire service story:
Ohio Casualty Corp. said Monday it agreed to sell itself to Liberty Mutual, a privately-owned insurer based in Boston, for about $2.64 billion cash.[.]
Liberty Mutual said it wants to buy Ohio Casualty to strengthen relationships with insurance agents in the Northeast and Midwest. Most of Ohio Casualty’s policies are sold through 3,350 independent insurance brokers in states like New Jersey, Pennsylvania, Kentucky and Ohio.