Royal Palm future secured with sale to Tower Hill
The future of Florida's Royal Palm Insurance Company was secured last month with its sale to an affiliate of Tower Hill Insurance Group, in a move first revealed by The Insurance Insider.
In a statement, Tower Hill - also based in Florida - said the acquisition of Royal Palm would increase its market share and surplus "significantly". Royal Palm was previously owned by investment firm Ritchie Capital Management.
As previously reported by this publication, Royal Palm's future had been placed...
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