NU Online News Service, Jan. 5, 12:42 p.m. EST
Florida Peninsula Insurance Co. said its subsidiary Florida Peninsula Holdings, LLC has entered into an agreement to acquire Edison Insurance Group. Financial terms of the deal were not released.
Florida Peninsula, based in Boca Raton, Fla., will also acquire Edison's two subsidiaries, Edison Insurance Company and Edison Insurance Underwriters. Both companies are primarily writers of homeowners insurance in Florida. Edison is headquartered in St. Petersburg, Fla.
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