Acquisition helps firm’s plan to increase its footprint
Monarch E&S Insurance coverage Companies, a division of Specialty Program Group, which operates as SPG Insurance coverage Options in California, has introduced that it has acquired the property of Commonwealth Underwriters, a specialty strains managing normal agent and wholesale dealer.
Commonwealth Underwriters makes a speciality of securing protection for hard-to-place dangers not written by the usual market. It presents an array of services and products, with a powerful deal with extra and surplus strains.
“Monarch E&S is happy to accumulate the enterprise of Virginia-based Commonwealth Underwriters,” said Derek Borisoff, CEO of Monarch E&S. “Barry and Julia Scott have constructed a extremely regarded group. Their repute with each retail dealer prospects and binding markets coincides completely with Monarch E&S’s working philosophy. We sit up for working with Barry’s staff to make the general group even higher.”
The acquisition is a part of Monarch E&S’s plan to increase its footprint and solidify its place within the E&S house, the corporate mentioned.
“We’re very excited to affix forces with Monarch E&S,” mentioned Barry Scott, CEO of Commonwealth Underwriters. “Monarch E&S shares the identical values that Commonwealth Underwriters was constructed upon. We sit up for the extra merchandise and markets this may convey to higher serve our retail prospects.”
Have one thing to say about this story? Tell us within the feedback under.
Associated Tales
Sustain with the newest information and occasions
Be part of our mailing record, it’s free!
