Stonetrust Commercial Insurance Company has announced that Ontario, Canada-based corporation Wintaai Holdings, Ltd, has entered into a definitive agreement with the insurer’s current parent company Dhandho to acquire Stonetrust. The initial filings have been submitted to the Nebraska Department of Insurance for approval and the acquisition is expected to close in the first quarter of 2018. Stonetrust was re-domesticated to the state of Nebraska for tax purposes in August 2016 but remains headquartered in Baton Rouge. According to the announcement, which is addressed to Stonetrust agents and signed by CEO Mike Dileo, Wintaai has committed to keeping management and personnel at the company the same and focus on book growth and expansion into new states.
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