Southport Lane Completes Acquisition of Dallas National

Southport Lane said on Wednesday that it has completed its acquisition of Dallas National Insurance Co., a Texas-based property and casualty insurer specializing in general liability and workers’ compensation.Under the terms of the transaction, Southport Lane will make a $50 million investment in Dallas National, raising its capital and surplus to $107.5 million, and will acquire 100% voting control through an investment subsidiary, the New York-based private equities firm said in a press release. The acquisition has been approved by both the Texas Department of Insurance and the Delawar...