HomeServices of America Inc., a Berkshire Hathaway affiliate, has acquired Minnesota-based PCG Agencies Inc., a large independent personal insurance agency. Terms were not disclosed.
Headquartered in St. Paul, PCG offers a broad spectrum of personal property and casualty insurance products as well as risk management services. Originally founded in 1982, PCG generated nearly $30 million of annual premiums in 2015.
Bruce Humphrey, founder and chief executive officer, will continue to play an integral role in the ongoing success of PCG as a member of the insurance senior management team.
HomeServices is a full-service residential real estate brokerage firm. HomeServices’ insurance operations include multi-line insurance agencies that nationally generated more than $115 million of premium volume in 2015.
Source: HomeServices of America
Was this article valuable?
Here are more articles you may enjoy.
Kentucky Scrapyard Workers Describe UPS Plane Crash That Destroyed Their Business 
Former Lloyd’s CEO Neal Will Not Join AIG; Hancock to Be General Insurance CEO 
Estimate to Rebuild Baltimore’s Key Bridge Doubles to $5 Billion 
NFIP Reauthorized With Passage of Funding Bill to End Government Shutdown 
