GREENVILLE, S.C., July 2, 2024
/PRNewswire/ -- Canal Insurance Company, a leading provider of
commercial trucking insurance, is pleased to announce the formation
of its new holding company, Canal Financial Group (CFG). This
strategic initiative represents a significant milestone in Canal
Insurance Company's history, aimed at enhancing operational
efficiency, fostering innovation, and maximizing shareholder
value.
The establishment of Canal Financial Group will serve to
streamline Canal Insurance Company's corporate structure while
enabling management to explore opportunities for growth,
innovation, and continued value creation for shareholders.
"As Canal Financial Group beings its journey, Canal Insurance
Company remains steadfast in our commitments to customers and
business partners, driven by a dedication to both operational
excellence and innovation," said Paul
Brocklebank, Chairman of the Board and CEO. "This strategic
move will enable us to pursue new opportunities with agility and
focus while leveraging our core strengths in the commercial
transportation space."
About Canal Insurance Company
Rated A- by A.M. Best, Canal Insurance Company has specialized
in providing insurance to commercial trucking and specialty
transportation insureds through selected professional agents for
more than 80 years. Visit canalinsurance.com for other news and
information.
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SOURCE Canal Insurance Company