In local news:

Wintaai Holdings Ltd., a wholly-owned subsidiary of Chou Associates Management Inc., has completed its acquisition of Stonetrust Commercial Insurance Co., headquartered in Baton Rouge, Louisiana. Wintaai Holdings, based in Ontario, Canada, acquired Stonetrust from Dhandho Holdings. Domiciled in Nebraska, Stonetrust is a regional mono-line workers’ compensation company with approximately $70 million in policyholder surplus and approximately $180 million in assets. The company is licensed in 28 states and currently operates in Louisiana, Texas, Oklahoma, Arkansas, Mississippi and Nebraska. No personnel changes are expected as a result of the transfer.

Read more via Insurance Journal here.

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