PCF Insurance Services acquires Utah-based MGA United Underwriters
PCF Insurance Services, an American insurance brokerage firm, has acquired United Underwriters, a property and casualty managing general agent (MGA), based in Utah.
The financial terms of the deal were not disclosed.
Established in 1998, United Underwriters is said to cater to over 150 agencies across the property and casualty MGA services and programs in the Western US.
The company provides insurance solutions for include homeowners, dwelling, renters, personal umbrella, commercial, auto insurance, and earthquake.
Peter C. Foy — PCF Insurance Services Chairman, Founder, and CEO said: “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.”
United Underwriters was advised by Sherman & Company on the deal.