MAG Mutual Intermediate Holding Co. acquired Atlanta-based OrthoForum Insurance Co. April 26.
As part of the transaction, the risk retention group was converted to a special purpose captive. The sales agreement under which 100% of OrthoForum Insurance common shares was sold to MAG Mutual Intermediate was signed March 30.
Following the acquisition, all of OrthoForum's insurance policies were canceled and subsequently written by MAG Mutual Intermediate subsidiaries.
