Everett Cash Mutual to acquire the Farm, Ranch, and Equine business of GBLI-backed ARIC for $85m.

Everett Cash Mutual, an insurance services provider, agreed to acquire the Farm, Ranch, and Equine business of Global Indemnity Group-backed American Reliable Insurance, an insurance services provider, for $85m. “GBLI will be working closely with ECM to assure that the renewal rights and acquisition transactions will be seamless for ARIC policyholders and ARIC’s agent partners. In that regard, we encourage ARIC’s agents to partner with ECM, who is a carrier dedicated to processing Farm, Ranch, & Equine insurance.” Charlton added that, “These transactions will also enable GBLI to further sharpen its focus on the company’s core small and middle market commercial specialty casualty businesses," David Charlton, GBLI CEO.