Florida-based Main Street America Acquires Great Lakes Casualty
Oct 2, 2008
Insurance Journal--October 2, 2008
The Main Street America Group, based in Jacksonville, Fla., completed its acquisition of Great Lakes Casualty Insurance Co., a Michigan-domiciled private passenger auto insurance carrier, from Newco Financial Holdings Inc.
All Great Lakes personnel have become employees of Main Street America, including Great Lakes President Keith Fry, who will continue to operate the company out of its Grand Rapids, Mich., office. Great Lakes will also maintain its brand name.
Great Lakes generated approximately $9.5 million in premium in 2007. The company has approximately 6,300 policyholders throughout Michigan.
Source: The Main Street America Group