The Hartford has entered into a renewal rights agreement with the Farmers Exchanges to acquire its Foremost-branded small commercial business, which generates nearly $200 million in annual premium. The terms of the transaction have not been disclosed.
The Foremost small commercial book is sold through more than 5,000 independent agents and brokers across the US. It includes three primary lines of business underwritten by Foremost Insurance Group: business owner’s policy for property, general liability and umbrella, commercial auto, and workers’ compensation.
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