Rockhill Holding, an insurance holding company, and RTW, a provider of products and services to manage insured and self-insured workers, have completed the merger under which Rockhill acquired RTW as part of a reverse triangular merger.
RTW will continue to operate as a separate wholly owned subsidiary of Rockhill.
Jeffrey Murphy, president and CEO of RTW, said: We are well-positioned with our strong operating insurance companies in American Compensation Insurance Company and Bloomington Compensation Insurance Company and our service business through RTW’s Absentia division. We look forward to continuing to thrive and prosper as a subsidiary of Rockhill and are excited by the additional insurance expertise and access to capital that Rockhill brings to us.
Terry Younghanz, president and CEO of Rockhill, added: RTW helps to diversify our existing operations and mirrors our strategy of focus on specialty business. RTW comes to us with similar operating philosophies and cultural beliefs and is led by an exceptional executive management team who has positioned the company very well for the future.