Business Services Industry
Arden Hills, Minn.-Based Insurance Firm Loses Corporate Name in Merger.
Knight Ridder/Tribune Business News, January, 2004
By Sheryl Jean, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News
Jan. 15--MSI Insurance of Arden Hills has merged with Country Insurance & Financial Services of Bloomington, Ill., creating a more far-reaching firm but eliminating a familiar Minnesota corporate name.
MSI's 400-employee Arden Hills office will remain, operating under the Country name, and will double its territory to eight states. Officials of both companies said employment likely will grow at the Minnesota office.
"The opportunity to grow those eight states is great," said Stephen Ricklefs, vice president of agency operations for 70-year-old MSI. Insurance mergers have increased as the industry has become more competitive and as insurers try to...
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