Two insurance companies licensed to do business in Louisiana will be acquired in separate deals valued at $290 million.
Texas-based Republic Companies Inc. will be acquired by New York-based AmTrust Financial Services Inc. for $233 million. Republic had total premiums of about $711 million in 2014. The company writes coverage through independent brokers in Texas, Louisiana, Oklahoma, Arkansas, Mississippi and New Mexico.
New York-based Interboro Insurance Co. will be acquired by Florida-based United Insurance Holdings for $57 million.
Interboro writes coverage in New York and South Carolina through independent brokers. The company also is licensed in Louisiana, Alabama and Washington, D.C.