PCF Insurance Services snaps up 360 Insurance

PCF Insurance Services snaps up 360 Insurance | Insurance Business America

Insurance News

PCF Insurance Services snaps up 360 Insurance

Incoming business “really is the perfect fit”

Insurance News

By
Terry Gangcuangco

PCF Insurance Services has snapped up the insurance operations of Nevada-based 360 Insurance.

Lifting the lid on the acquisition, PCF Insurance chief development officer Brooke K. DeWyze (pictured) said: “360 Insurance was founded on the principles of superior service, trust, and experience, which have served as the foundation for their continued success.

“We’ve identified Las Vegas as a priority market within our M&A (mergers and acquisitions) strategy, and it became clear through our conversations with 360 Insurance that the team shares PCF Insurance’s commitment to extraordinary service and growth.

Established over 75 years ago in the Las Vegas Valley, 360 Insurance has been providing a wide range of insurance solutions – auto, home, commercial, and life – to both personal and business policyholders.

Licensed across the US, the company’s integration into PCF Insurance is expected to bring enhanced benefits to clients, including expanded coverage options, more competitive pricing, and additional services such as in-house risk management and claims advocacy.

PCF Insurance, meanwhile, remains on track with its ambitious goal of increasing its EBITDA (earnings before interest, taxes, depreciation, and amortization) by $50 million by the end of 2024.

Recent acquisitions by the group include the operations of Asset Insurance Agency, DLD Insurance Brokers, Montalvo Insurance Agency, Ignitist, The Brady Agency, Roseberry Insurance Agency, and The Sinnott Agency.

The company’s acquisition strategy focuses on bolstering its core offerings in property & casualty and health & benefits in key markets, while also enhancing its in-house expertise in risk management and loss control for expanding industries.

Headquartered in Utah, PCF Insurance promotes growth through equity ownership, expanded coverage options, and shared services, which support its network of over 4,000 employees nationwide.

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