Transactions

Pennsylvania National Mutual

Acted as the exclusive financial advisor to Pennsylvania National Mutual Casualty Insurance Company in its affiliation with Partners Mutual Insurance Company.  Penn National, founded in 1919, sells personal and commercial property and casualty insurance through a network of more than 750 independent agencies in nine states and is rated A- by A.M. Best.  Partners Mutual, which is headquartered in Waukesha, WI, sells personal and commercial property and casualty insurance in Iowa and Wisconsin through a network of 120 independent agencies.   In 2010, the Company wrote approximately $39 million of premium.