Insurica Insurance coverage Providers on Monday mentioned it had accomplished the acquisition of First Gentle Program Managers. Phrases of th
Insurica Insurance coverage Providers on Monday mentioned it had accomplished the acquisition of First Gentle Program Managers.
Phrases of the transaction, efficient Jan. 1, weren’t disclosed.
Fort Lauderdale, Florida-based First Gentle operates each a wholesale brokerage in addition to a delegated underwriting program centered on the transportation business with specializations in trucking and marine. It was based in 2007 by the late Anthony L. Johnson, who additionally served as CEO.
Greater than 100 First Gentle workers, based mostly primarily in Florida and North Carolina, will be part of Oklahoma Metropolis-based Insurica within the deal, which is the dealer’s largest ever acquisition.
The addition of First Gentle will enable Insurica to broaden its underwriting and program administration capabilities, firm President Dillon Rosenhamer mentioned in a press release.
Janet Fender, who took over in January as president and CEO of First Gentle whereas retaining her chief underwriting officer portfolio, referred to as the deal “transformative” within the assertion.
Insurica is the 41st-largest dealer of U.S. enterprise, based on the latest Business Insurance rankings.
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