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The Honolulu Advertiser
Updated at 2:23 p.m., Monday, December 29, 2008

Monarch buying Bishop Insurance from American Savings

Advertiser Staff

Monarch Insurance Services Inc. is purchasing Bishop Insurance Agency from American Savings Bank in a deal expected to close on Wednesday.

American Savings said it will enter a strategic alliance with Monarch to make sure its customers continue to receive a high level of service and products when it comes to insurance. Monarch is a property and casualty insurance broker with offices in Honolulu, San Francisco, Denver and Bend, Ore.

American Savings, which bought Bishop Insurance in 2001, did not disclose the sale price.