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US insurance coverage brokerage PCF Insurance coverage Providers has expanded its nationwide footprint with the acquisition of MK Insurance coverage Group’s insurance coverage enterprise, a family-owned business and private insurance coverage company.
Monetary phrases of the transaction weren’t divulged.
Primarily based in Hoover, Alabama, MK Insurance coverage Group focuses on high-net-worth private strains and has a long-standing historical past of offering options to the business actual property and building sectors in addition to the signage business.
The acquisition marks PCF’s entry into the US state of Alabama.
MK Insurance coverage Group will leverage its partnership with PCF to deliver extra worth to its prospects by means of elevated entry to knowledgeable advisors, and superior infrastructure and expertise.
Utah-based PCF may even equip MK Insurance coverage Group with new applied sciences that may assist streamline the latter’s enterprise transactions.
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Moreover, PCF stated its in-house danger administration professionals and business claims advocacy group are set to bolster MK Insurance coverage Group’s choices by creating customised loss management programmes that may doubtlessly cut back dangers and insurance coverage premiums.
The partnership may even enable MK Insurance coverage to faucet PCF’s sturdy provider relationships, enabling the supply of more cost effective protection options.
MK Insurance coverage Group principal Greg Mikos stated: “We’re desirous to leverage the deep expertise of the PCF crew to speed up our enterprise progress and supply our purchasers with higher protection options, extra aggressive pricing, and elevated market entry.”
PCF Insurance coverage chief improvement officer Brooke DeWyze stated: “PCF is concentrated on intentional, strategic progress with companies like MK that complement our deep bench power, broaden our subject material experience on business verticals and have a strong monitor file that may improve our main place throughout the business.”
Final 12 months, PCF Insurance coverage signed an enterprise take care of Vertafore, an insurance coverage expertise supplier, to expedite its progress.
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