2014

Bankers Insurance Group Announces Acquisition of AIX Florida Policies Acquisition accelerates Bankers' growth plans, including larger presence in state's thriving Hispanic market

ST. PETERSBURG, Fla., Feb. 28, 2013 /PRNewswire-iReach/ -- Bankers Insurance Group, a subsidiary of Bankers Financial Corporation, today announced it has entered into an agreement with AIX Group, through which AIX will transition the renewal rights and servicing of in-force Florida Select business (AIX Florida) to Bankers. The agreement will be effective on March 1, with both companies working together to provide a seamless transition for policyholders and agents. The transaction provides Bankers a seasoned book of business, while AIX focuses on the continued growth of its core programs.

"We are pleased to announce this acquisition as yet another example of Bankers' dedication to serving business owners throughout Florida, and our ongoing efforts to strengthen our ties to the Latino business community," said Bill Martin, President of Bankers Insurance. "As a Florida domiciled carrier, Bankers has long been committed to serving our business customers with innovative products and outstanding customer and claims service. This acquisition allows us to expand our geographic reach in the state and offer these new customers access to all of the products the Bankers organization has to offer."

Bankers Insurance has offered Business Owners policies to customers for over 20 years and has added several innovative products to the portfolio including Preferred Office, Homeowner Association, and Mobile Home Park programs.

"As we continue to expand our product offerings for business owners, we are thrilled to have these customers and their agents join the Bankers' family," said Judy Copechal, Vice President – Commercial Products. "We look forward to continuing the relationships that AIX Florida has developed with them over time," said Copechal.

In addition to business owner products, Bankers Insurance offers a wide variety of products including homeowners insurance, flood/excess flood insurance, annuities, life insurance and new home warranties.

For more information on Bankers Financial Corporation and Bankers Insurance Group, please visit us at www.bankersfinancialcorp.com.

Contact: Phyllis Mauro 
Tel. 727.823.4000 ext. 4716
Email: pjmauro@bankersinsurance.com

Media Contact: PHYLLIS MAURO Bankers Financial Corporation, 727-823-4000, pjmauro@bankersfinancialcorp.com

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SOURCE Bankers Insurance Group



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