American insurance brokerage firm PCF Insurance Services has secured a $500 million preferred equity investment at a valuation of $4.7 billion. PCF Insurance Services anticipates to use proceeds from the transaction to establish itself as a premier insurance brokerage firm in the US. The transaction is co-led by Carlyle’s Global Credit platform and existing minority […]
American insurance brokerage firm PCF Insurance Services has acquired Oak Point Risk Advisors, a Louisiana-based risk management and insurance agency, for an undisclosed price. Oak Point Risk Advisors caters to the maritime, oil and gas, and construction industries located along and on the Gulf of Mexico with commercial insurance solutions. Ronny Sternfels — Oak Point […]
PCF Insurance Services has acquired Apple Insurance and Financial Services, a Florida-based insurance broker, for an undisclosed price. Headquartered in Ft. Lauderdale, Apple Insurance is an individual health and Medicare insurance agency, which provides access to Florida Blue. Peter C. Foy — PCF Insurance Services Chairman, Founder, and CEO said: “Apple Insurance is a thriving, […]
PCF Insurance Services, an American insurance brokerage firm, has acquired Virginia-based specialty insurance and home warranty company Professional Warranty Service Corporation (PWSC). The financial terms of the deal were not disclosed. Headquartered in Chantilly, Professional Warranty Service Corporation is engaged in providing risk management solutions across the US. The company is specialized in property management […]
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 […]
PCF Insurance Services, an American insurance brokerage firm, has acquired Mike Haffar Insurance Services, a medical insurance specialist based in West Covina, California. The financial terms of the deal were not disclosed. Established in 2008, Mike Haffar Insurance Services operates as an insurance and risk advisor, serving physicians, medical groups, medical clinics, hospitals, and surgery […]