The Members Insurance Company acquired Universal Insurance Co. from The Seibels Bruce Group, Inc. (OTCPK:SBBG) on January 1, 2012. Sherman & Company Holdings LLC acted as the financial advisor to The Seibels Bruce Group, Inc. The Members Insurance Company completed the acquisition of Universal Insurance Co. from The Seibels Bruce Group, Inc. (OTCPK:SBBG) on January 1, 2012.