Victor O. Schinnerer & Co. on Monday announced an agreement to acquire SeaFire Insurance Services, a Kansas-based managing general underwriter focused on providing property/casualty solutions for the auto dealership and auto repair market.
All of SeaFire’s leadership and employees will join Schinnerer and will remain in their current Overland Park, Kan. location. Dennis Kane, president of SeaFire, will continue to lead the business.
SeaFire’s product offering includes garage liability, property, pollution, auto physical damage and umbrella liability written through several insurers.
The acquisition is part of Chevy Chase, Md.-based Schinnerer’s broader strategy to continue growing its specialty P/C portfolio, which already includes solutions for oil and gas contractors, loggers, and public entities, in addition to specialty products like builders risk, the firm stated.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
CRC Group Signs Agreement to Acquire Euclid Transactional 
High-Net-Worth Risk Appetite Drops as Some Regions Show Stabilization 
Kansas Man Sentenced to Probation for Insurance Fraud 
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead 
