Transaction Overview

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PCF Insurance Acquires Property and Casualty MGA UnitedUnderwriters

 

PCF Insurance Services (PCF), a top 19 U.S. insurance brokerage firm, announced the strategic acquisition of Utah-based property and casualty managing general agent (MGA) United Underwriters. Founded in 1998, United Underwriters offers 150-plus agencies across the Western United States property and casualty MGA services and programs including homeowners, renters, dwelling, commercial, personal umbrella, earthquake, and auto insurance.

 

"We are proud to welcome United Underwriters to the PCF family," says Peter C. Foy, Chairman, Founder, and CEO of PCF Insurance. "United Underwriters is one of Utah's fastest growing MGAs and possesses a proven track record of success. PCF’s growth strategy centers around leveraging the deep bench strength and collective experience of our partner network for the good of our clients. The United Underwriters team is an outstanding addition to PCF because of their unique product and service offering.”

 

As an insurance carrier, United Underwriters becomes the latest addition to an extensive list of successful PCFspecialty insurance agencies to benefit from the vast infrastructure of resources and services of the PCF Insurance network. United Underwriters’ services ,experience and market supports PCF’s growth trajectory by diversifying its product and solution offerings. 

 

Sherman & Company advised United Underwriters on the transaction. 

 

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Sherman & Company Served as Financial Advisor to United Underwriters

Undisclosed