Republic Companies, Inc. Acquires Four Corners Insurance Services, Inc.

Dallas, Feb. 8 /PRNewswire/ -- Republic Companies, Inc. (Republic) announced that it has acquired Four Corners Insurance Services, Inc. (Four Corners), a general agency based in Phoenix, Arizona. Four Corners specializes in non-standard auto insurance coverages produced through independent insurance agents in Arizona, Oklahoma, Oregon, Utah and Washington, D.C. Philo Smith Capital Corp. served as Four Corners' broker in this transaction.

"We are excited about our acquisition of Four Corners," said Parker W. Rush, President & Chief Executive Officer of Republic. "Four Corners will provide a proven profitable platform for writing non-standard auto business with its advanced policy management system and help us to provide bilingual services to the growing Hispanic market and expand our geographic reach. In addition, we plan to have Four Corners provide its services to develop non-standard auto business products for us in Louisiana, Mississippi and Arkansas over the next several months. We are pleased to welcome Mitchel Slater, President, and Robert Heveri, Vice President, of Four Corners, and their team to our organization, and we look forward to the company's continued success as part of The Republic Group."

Mitchel Slater commented, "We are very pleased and energized by our sale to The Republic Group. This affords Four Corners the opportunity to expand our geographic spread and deliver enhanced personal lines services and products to our loyal agency force. We eagerly look forward to the future and bringing to our markets all the resources that The Republic Group has to offer."

About Republic

Republic Companies, Inc. provides personal and commercial property and casualty insurance products through a group of insurance companies and related entities designated in the industry as "The Republic Group". In its Independent Agents segments, Republic distributes these products to individuals and small to medium-size businesses through a network of independent agents primarily in Texas, Louisiana, Oklahoma, New Mexico, Mississippi and Arkansas. In its Program Management and Insurance Services segments, Republic capitalizes on its unique combination of charters and licenses to develop and manage target-niche insurance products that are distributed through managing general agents and other producers in many additional states. Visit http://www.RepublicGroup.com for more information. Republic Companies, Inc. is owned by Delek Capital Ltd., a majority-owned subsidiary of Delek Group Ltd.