Two Ohio property-casualty insurers, Miami Mutual Insurance Company and Celina Insurance Group, said they have agreed to combine their financial resources and affiliate.
William R. Walters, president of Miami Mutual Insurance in Troy, Ohio, said he would act as president for the combined operation. William W. Montgomery, president and chief executive officer of Celina, based in Celina, Ohio, will serve as chief executive officer.
"This is an excellent opportunity for both companies. The synergies of our combined operations will make a stronger, more dynamic group of companies and improve our ability to serve our agents and policyholders," Mr. Montgomery said in a statement.
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