Tower Hill in talks to buy out Royal Palm
Royal Palm Insurance is in talks that could see it bought out and recapitalised by fellow Floridian Tower Hill Insurance Group, The Insurance Insider can reveal.
Royal Palm's future had been placed in jeopardy after it lost an arbitration hearing and was ordered to pay damages of $28mn.
The dispute related to the early termination of an agreement under which Security First Managers (SFM) had acted as the managing general agency (MGA) for Royal Palm.
The arbitration hearing found in...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
