AMERISAFE to Acquire Cooperative Mutual's Book of Business

AMERISAFE, Inc. AMSF today announced the signing of a letter of intent to acquire the workers' compensation business of Cooperative Mutual Insurance Company. Effective January 1, 2011, all workers' compensation policies written by Cooperative Mutual will be assumed by American Interstate Insurance Company, a subsidiary of AMERISAFE, Inc. These policies will be serviced by Cooperative Insurance Agency, a wholly owned subsidiary of Cooperative Mutual. Additionally, AMERISAFE will obtain the renewal rights to these policies, which represent approximately $8 million of in-force premium, and which will be produced and serviced by Cooperative Insurance Agency and its partner independent agencies.