Atlas Financial Holdings, Inc., has entered into an agreement to acquire Global Liberty Insurance Company of New York, an insurer of limousine, black car, and luxury car vehicles, along with its affiliated underwriting and premium finance companies, for approximately $25 million.

Scott D. Wollney, the president and chief executive officer of Atlas, stated, “This is a very important acquisition for Atlas, as Global Liberty's current premium base is highly complementary to our existing infrastructure. As with our other subsidiaries, Global Liberty has a strong heritage in the public auto market with a committed and experienced management team. This transaction is expected to greatly accelerate our ability to grow to proportionate share in the largest light commercial vehicle market in the country. Based on the size and nature of the New York market, we plan to maintain Global Liberty's local infrastructure on Long Island and have the location serve as an East Coast regional office for Atlas.”

Hossni Elhelbawi, the chief executive officer and owner of Global Liberty commented, “We are delighted to join with Atlas to expand and continue to deliver the quality of service and products to our insurance policyholders and agents.”