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Thorson Insurance Services, a nationwide insurance services and distribution platform based in Westlake Village California has closed on its acquisition of PrimeOne Insurance Company; a Michigan based multi-line property and casualty insurance carrier. Thorson companies include Thorson Specialty Insurance Services, a specialized retail insurance brokerage agency; Thorson Associates Inc., managing general agent that is the exclusive program manager for Fairway Physicians Insurance Company and Risk Management Services, a third party claims administrator. The acquisition expands Thorson’s risk bearing capabilities allowing it to underwrite niche insurance and capitalize on selective profitable underwriting opportunities across selected property and casualty insurance markets.
TAG Financial Institutions Group, LLC advised on the acquisition of PrimeOne for Thorson. The Transaction closed on December 31, 2014. Comments are closed.
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Certain Principals of TAG Financial Institutions Group, LLC are registered representatives of TAG Capital Partners, LLC Member FINRA, SIPC. TAG Financial Institutions Group, LLC and TAG Capital Partners, LLC are separate affiliated entities. Securities and Investment Banking Services are offered through TAG Capital Partners, LLC.
TAG Capital Partners, LLC is not a chartered bank or trust company, or depository institution. It is not authorized to accept deposits or trust accounts and is not licensed or regulated by any state or federal banking authority. Alternative investments are speculative, involve a high degree of risk and are not suitable for all investors. Complete loss of principal is possible. Private placements are unregistered securities, considered illiquid and long-term investments. Distributions are not guaranteed.
TAG Capital Partners, LLC is not a chartered bank or trust company, or depository institution. It is not authorized to accept deposits or trust accounts and is not licensed or regulated by any state or federal banking authority. Alternative investments are speculative, involve a high degree of risk and are not suitable for all investors. Complete loss of principal is possible. Private placements are unregistered securities, considered illiquid and long-term investments. Distributions are not guaranteed.