DALLAS, Jan. 10, 2014 /PRNewswire/ -- Republic Group ("Republic") today announced that it has consummated the sale of all of the outstanding shares of common stock of Republic Home Protectors, Inc. ("RHP") and Southern Vanguard Insurance Company ("SVIC") to the holding company of RHP InsVest, LLC, d/b/a RHP Management, LLC.
RHP and SVIC were both subsidiaries of Republic. The sale included the business produced through RHP and written by SVIC (the "RHP Business"), but excluded all other business written by SVIC.
The RHP Business will continue to be managed by Terry Cotter, President of RHP, and the company's headquarters will remain in Houston, Texas.
Republic Companies, Inc. through a group of insurance companies and related entities provides personal and commercial property and casualty insurance products. In its Independent Agents segments, Republic distributes these products to individuals and small to medium-size businesses through a network of independent agents primarily in Texas, Louisiana, Oklahoma, Arkansas, Mississippi and New Mexico. In its Program Management and Insurance Services segments Republic capitalizes on its unique combination of charters and licenses to develop and manage target-niche insurance products that are distributed through managing general agents in many additional states. Visit www.RepublicGroup.com for more information.
SOURCE Republic Group