Locke Lord provided counsel to National General Holdings Corp. in its announced acquisition of Standard Mutual Insurance Company (SMIC), an Illinois based property and casualty underwriter, following the completion of the conversion of SMIC to a stock company from a mutual company. According to the National General press release, the deal will provide entry to business in Illinois and Indiana as well as expand the standard and preferred personal lines products offered. The transaction is expected to close in the second quarter of 2016, subject to closing conditions and regulatory approvals. The Locke Lord team was led by Jeff Etherington and included Alan Levin (Insurance), Chris Flanagan (Tax), Lori Basilico (Employee Benefits), Zach Lerner (Insurance) and Megan Foscaldi (Securities).
Posted January 28, 2016