CFM Insurance Acquires Missouri’s Cornerstone National Insurance

CFM Insurance Inc., a mutual insurance company headquartered in Concordia, Missouri, has finalized its acquisition of Cornerstone National Insurance Co., a stock company based in Columbia, Missouri. With this acquisition, many synergies and efficiencies will be created in management, product offerings, corporate culture, and the overall approach to doing business, according to the acquisition announcement. The new group will maintain two separate companies all owned by the mutual company policyholders. “This was a very unique and creative purchase of a stock company by a mutual insurance company. We had the privilege of recognizing the challenges of this acquisition the entire way. Great things rarely come easy, but we are very optimistic of the future to come,” CFM President and CEO Jake Black said in the company’s announcement. “CFM enjoys a strong history and philosophy of doing what is in the best interests of policyholders and our independent agent partners. We remain focused on creative thinking to help meet the needs of all policyholders, while providing a solid surplus aided with conservative and creative investments.”