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Trillium Management Services acquires Indiana auto insurer


November 18, 2009   by Canadian Underwriter


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Trillium Management Services Inc., founded by former Kingsway Financial Services Inc. president Bill Star, has reached a definitive agreement to acquire Geneva Insurance Company Inc. of Indianapolis, Indiana.
Geneva provides personal automobile insurance with a concentration on non-standard auto insurance in Indiana.
Its products provide insurance coverage for liability to others for bodily injury and property damage, and for physical damage to an insured’s vehicle from collision and various other perils.
Geneva was formed in 1999 by Ronald J. Glanzman, its sole shareholder.
Subject to regulatory approval, Geneva and Trillium expect the sale to close in December 2009.
“We are extremely pleased with the acquisition of Geneva Insurance Company,” said Bill Star, president and CEO of Trillium. “This transaction is consistent with Trillium’s niche business strategy of acquiring auto insurers with good underwriting results that write business in desirable geographic areas.
“Geneva is a well-run organization and we look forward to the company’s continued success as part of Trillium.”
Glanzman commented: “This is a successful outcome for all parties. The employees of Geneva have developed an excellent platform to continue to build a leading Indiana auto insurance company.
“We wish Bill and his team success.”


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