Caldwell and Partners acquires Midlands Holding Corporation
Charles C. Caldwell, CEO of Caldwell and Partners, Inc. (CAP), announced the acquisition of Midlands Holding Corporation (MHC) from PMA Capital Corporation (PMA).
Dec. 10, 2012 - PRLog -- Oklahoma City, OK - Charles C. Caldwell, CEO of Caldwell and Partners, Inc. (CAP), announced the acquisition of Midlands Holding Corporation (MHC) from PMA Capital Corporation (PMA).
Midlands Management Corporation (Midlands), a subsidiary of MHC, is a Managing General Agent and excess and surplus lines broker which also operates as a Third Party Administrator (TPA) with its subsidiary Midlands Claim Administrators, Inc.
Midlands operates countrywide from offices in Oklahoma City, Oklahoma Addison, Texas and Calabasas, California. It is a leading writer of Excess Workers Compensation, Non-standard Auto business, Texas Nonsubscription insurance, as well as special programs, on both an excess insurance and reinsurance basis.
Caldwell, a founder of Midlands in 1990, said today that the company will continue to support its current platforms and will expand the company’s footprint geographically with its products and new programs. Caldwell and other founders sold Midlands to PMA in October 2007, and has operated as a unit of PMA from that time.
The deal was both announced and closed December 5, 2012, and terms were not disclosed.
CAP is an independently owned Oklahoma insurance holding company.