Zenith Insurers Subsidiary to Buy Compensation Fund
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Zenith National Insurance Corp. of Woodland Hills said its subsidiary Zenith Insurance Co. has signed a letter of intent to acquire Associated General Contractors’ Self-Insurer’s Fund (AGC-SIF), a Florida workers’ compensation fund.
AGC-SIF has 1,400 members. Its written premiums in 1995 were $40 million.
Zenith declined to disclose the purchase price.
Zenith is a workers’ compensation insurer with 1995 written premiums of about $200 million.
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