Pennsylvania’s Univest Corp. announced that it has completed the acquisition of Gum Insurance, based in Lansdale PA, from the Turner Group of Parsippany NJ. The terms of the acquisition were not disclosed.
“Gum Insurance is an agency providing property and casualty insurance, employee benefits, disability and group insurance for individuals and for commercial clients,” said the announcement. It was founded in 1922 and operates mainly in Southeastern Penna.
Cindy Gum, regional VP for the Turner Group, indicated that by aligning with Univest, whose operating divisions include Union National Bank and Trust Co., Pennview Savings Bank, Fin-Plan Group and George Becker Associates, Gum’s customers would be able to “take advantage of the comprehensive financial products Univest Corporation will be able to provide.”
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
AI Models May Soon Self-Replicate Across Smart-Home Devices, Anthropic Warns 
Industry Reacts to Senators’ Letter for Claims Data and Recent Reports 
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event 
Business Interruption Claims Approach $1M Average, Says Allianz 
