PHLY’s Maguire Buys Renewals of Calif. Agency Targeting Fitness Industry

February 16, 2007

Maguire Insurance Agency, Inc., a subsidiary of Philadelphia Consolidated Holding Corp (PHLY), has purchased the renewal rights to the policies issued through the Fitness and Wellness Insurance Agency of Solana Beach, Calif., its service marks and rights related to the risk purchasing group.

Maguire Insurance Agency, Inc. will retain the services of Jeffrey Frick, and Deborah Grady, former principals of the Fitness and Wellness Insurance Agency as well as the majority of the Fitness and Wellness staff. It will continue to operate from the same location in California. Fitness and Wellness specializes in insurance for the fitness and wellness industry servicing both personal instructors and commercial health clubs.

Sources:
PHLY
www.phly.com

Fitness and Wellness
www.fitnessandwellness.com.

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