Plymouth Rock Assurance has finalized its acquisition of Rider Insurance Company. New Jersey-based Rider is the largest motorcycle insurance provider in the state and the only carrier serving the motorcycle community exclusively.
Following the acquisition, Plymouth Rock is aiming to focus on the motorcycle insurance segment of the business and expand its current product offerings, according to Gerry Wilson, president and CEO of Plymouth Rock Management Company of New Jersey, in a company press release.
The acquisition of Rider by Palisades Safety and Insurance Association, a Plymouth Rock company, was approved earlier this month by the New Jersey Department of Banking and Insurance.
Source: Plymouth Rock Assurance
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