RSG Underwriting Managers ("RSGUM") is pleased to announce that the acquisition of the assets and operations of Interstate Insurance Management, Inc. was closed yesterday, February 1, 2017. This transaction was previously announced on January 26, 2017.Interstate is a leading transportation managing general agent founded in 1970 and led by Jack Buchan for the last 26 years. Jack will continue leading the business through RSGUM's new series, Interstate Insurance Management. In addition to transportation coverages, Interstate also underwrites specialty property and P&C binding facilities. Headquartered in Johnstown PA, Interstate serves the greater mid-Atlantic region and maintains underwriting authority with multiple top transportation and property markets.
Terms of the agreement were not released.