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PHOENIX, Ariz., Jan. 24 — Western National Mutual Insurance Company and Alfa Insurance® today announced an agreement for Alfa® to purchase Legacy Insurance Services, Inc., pending final regulatory approval.
With the purchase, Alfa is acquiring the Legacy and Arizona Auto Insurance Company (AAIC) entities, as well as the Nevada General Insurance Company (NGIC) book of business. Legacy and AAIC were originally acquired by Western National in December 2010.
Legacy Insurance Services is an Arizona-domiciled general agency headquartered in Phoenix and writing exclusively non-standard personal auto insurance. AAIC is an Arizona-domiciled property-and-casualty insurance company writing non-standard personal auto insurance in Arizona and Colorado. NGIC’s book of business includes non-standard personal auto insurance in Nevada.
“This agreement with Alfa presents a great opportunity and strategic fit for all involved organizations,” said Rick Long, President and CEO of the Western National Insurance Group. “Western National will renew its focus on its core property-and-casualty operations, while Alfa and its subsidiary Trexis will provide greater resources and scale in the non-standard personal auto market to the Legacy team.”
Alfa President and CEO Jimmy Parnell said the purchase creates opportunities for expansion and diversification.
"With this acquisition, Trexis will serve customers in 13 states,” Parnell said. “I’m confident the Trexis team will leverage this stable book of business to continue adding value to Alfa while diversifying our risk. Trexis represents one of our greatest opportunities for growth. This addition provides Trexis a strategic foothold in the high-growth states of Arizona, Colorado, and Nevada.”
Alfa acquired Trexis, formerly Vision Insurance Group, LLC, in 2005. Since then, the non-standard company has grown its portfolio fivefold. Trexis is headquartered in Franklin, Tennessee, and serves customers through a network of independent agents.
About Alfa Insurance
Alfa Insurance, is headquartered in Montgomery, Ala. The company was founded in 1946 by the Alabama Farm Bureau, now Alabama Farmers Federation. Alfa’s property and casualty companies service more than 1 million policies, and Alfa Life Insurance has $31.5 billion of insurance in force. Trexis, an Alfa subsidiary, houses Alfa’s non-standard auto operations and writes more than $300 million in non-standard auto insurance. Alfa operates nearly 400 service centers in Alabama, Georgia and Mississippi and includes a team of more than 2,500 people dedicated to serving customers’ needs. For more information, visit www.alfainsurance.com.
About Western National Insurance
Western National Insurance, headquartered in Edina, Minn., is a super-regional group of property-and-casualty insurance companies. The Group writes business through seven active insurance companies—Western National Mutual Insurance Company, Western National Assurance Company, Pioneer Specialty Insurance Company, Arizona Auto Insurance Company, Umialik Insurance Company, American Freedom Insurance Company, and Nevada General Insurance Company — and is affiliated with Michigan Millers Mutual Insurance Company. Together, the affiliated companies write over $800 million in personal and commercial direct premium in 22 states across the Northern, Midwestern, and Western U.S. as well as in Alaska; and surety bonds in 41 states. All of the affiliated companies’ products are sold exclusively through professional Independent Insurance Agents.
For further information, please contact:
Steve Norman, CPCU, M.A., AIT
Senior Vice President – Communications & Customer Experience
Western National Insurance Group
(952) 921-5680 or (800) 862-6070 Ext. 7680
Public Relations and Communications Director
(334) 613-4212 or (334) 451-2953
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