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Monday, April 15, 2024

PCF enters Alabama with main insurance coverage acquisition

PCF enters Alabama with main insurance coverage acquisition | Insurance coverage Enterprise America

Company is finest identified for its HNW private strains and building and actual property options

PCF enters Alabama with major insurance acquisition

Insurance coverage Information

Kenneth Araullo

PCF Insurance coverage Companies has introduced its acquisition of the insurance coverage operations of MK Insurance coverage Group to mark its bodily entry into Alabama.

The deal integrates a long-standing, third-generation family-owned company specializing in each industrial and private insurance coverage, with a historical past spanning nearly six a long time.

MK Insurance coverage Group, identified for its give attention to high-net-worth private strains and its provision of options throughout the development and industrial actual property sectors, in addition to its area of interest experience throughout the signage business, marks PCF Insurance coverage’s inaugural bodily presence in Alabama.

The collaboration goals to spice up MK Insurance coverage Group’s choices in a number of key areas, together with know-how, whereby PCF Insurance coverage’s dedication to early adoption of developments and operational infrastructure is anticipated to supply MK Insurance coverage Group with enhanced enterprise transaction capabilities.

The mixing can even permit MK Insurance coverage Group to learn from PCF Insurance coverage’s group of in-house threat administration professionals and industrial claims advocacy group, which focuses on growing personalized loss management applications aimed toward mitigating dangers and probably lowering premiums.

Brooke DeWyze, chief improvement officer at PCF Insurance coverage, expressed enthusiasm in regards to the acquisition, highlighting the strategic alignment between the 2 entities.

“PCF is concentrated on intentional, strategic development with companies like MK that complement our deep bench power, develop our material experience on business verticals and have a strong monitor report that may improve our main place throughout the business,” DeWyze stated.

Greg Mikos, principal at MK Insurance coverage Group, additionally mirrored on the company’s dedication to neighborhood service via superior insurance coverage and threat administration options since its inception in 1967.

“We’re wanting to leverage the deep expertise of the PCF group to speed up our enterprise development and supply our shoppers with higher protection options, extra aggressive pricing, and elevated market entry,” Mikos stated.

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