InsuranceNewsNet.com reported on Southport Lane's acquisition of Dallas National Insurance Company. Dallas National is a property and casualty insurer specializing in general liability and workers' compensation. Under the terms of this deal, Southport Lane will make a $50 million investment in Dallas National, raising its capital and surplus to $107.5 million, and will acquire 100 percent voting control. The acquisition has been approved by both the Texas Department of Insurance and the Delaware Department of Insurance.
Gardere Attorneys Larry E. Glasgow and Kimberly A. Yelkin represented Dallas National in this deal.
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