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imperialfire.com

Stage

Acquired | Acquired

About Imperial Management Corp.

Imperial Management Corporation is organized as a holding company with almost all of its operations being conducted by subsidiaries. Based in Louisiana, IMC is wholly-owned by Southport Lane, a New York City-based private equity fund. Imperial Management's largest subsidiary, Imperial Fire and Casualty, is rated B+ by A.M. Best and is a leading provider of insurance products including personal auto, personal property, and flood policies. The company actively writes policies in Arkansas, Florida, Louisiana, Oklahoma and Texas, and is licensed in the states of Alabama, Georgia, Indiana, Kansas, Kentucky, Mississippi, Missouri, Nevada, South Carolina, and West Virginia. Imperial Management Corporation is also parent to wholly owned subsidiaries ABC Insurance Agencies and RAC Insurance Partners.

Imperial Management Corp. Headquarter Location

1901 Tchoupitoulas Street

New Orleans, Louisiana, 70130,

United States

504-566-1580

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Latest Imperial Management Corp. News

National General buys Imperial assets

Apr 25, 2017

30-06-2014 XL Catlin sponsors deep ocean research 06-07-2016 National General Holdings has agreed to acquire certain assets of Louisiana based personal lines insurer group Imperial Management Corporation. National General said it is buying underwriting subsidiaries Imperial Fire & Casualty Insurance and National Automotive Insurance, retail agency subsidiary ABC Insurance Agencies, and managing general agency subsidiary RAC Insurance Partners. The total purchase price for the transaction will approximate GAAP book value of the combined operations, inclusive of: $20 million cash consideration for the operating companies, a distribution to the seller of certain Imperial invested assets, and a recapitalisation of the insurance subsidiaries after closing. Michael Karfunkel, chairman and chief executive officer (CEO) of National General, said: "We are excited about the addition of the Imperial team and companies to our profitable and growing personal lines business. We believe Imperial is a natural fit with our recent homeowners expansion efforts, adding increased diversification to our product portfolio and enhancing our geographic footprint, and we expect the transaction to be immediately accretive to earnings. “I want to thank and welcome the existing employees and management team, led by Imperial CEO H. Marcus Carter, Jr., whom we are looking forward to working side by side with in the integration of this transaction." To continue reading, you need a subscription to Intelligent Insurer. Start a subscription today for £655. In-house feature articles, the archive and expert comment require a paid subscription. Subscribe now. Want to give it a try? We are offering a two week free trial to the Intelligent Insurer website – register and select “Two Week Free Trial” to begin access to the full Intelligent Insurer archive and read the latest news, features and expert comment. Begin your free trial here. Is your 2 week free trial about to end? Upgrade to a 12 month subscription for £655 now. If you have already subscribed please  login . If you have any technical issues please contact support . National General, North America, Imperial Management Corporation, Michael Karfunkel

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