Ascension Insurance Acquires Three California Agencies

June 23, 2009

Kansas City, Mo.-based Ascension Insurance Inc. has announced it is acquiring three insurance agencies in California, expanding its commercial and employee benefits capabilities on the West Coast and adding specializations in student health insurance, employee benefits for nonprofit organizations and claims administration.

The companies include Renaissance Agencies Inc. of Santa Monica, Calif., which specializes in the development, placement and administrative support of student health insurance programs; Portal Group Holdings Inc. of Walnut Creek, Calif., an agency providing employee benefits, retirement services, and HR outsourcing to primarily nonprofit organizations; and Personal Insurance Administrators Inc. of Agoura Hills, Calif., a third-party administrator specializing in the administration of student health insurance programs, including accident and health, and various intercollegiate sports injury programs.

Ascension Insurance is a full-service insurance and employee benefits agency providing brokerage and risk management services to middle-market companies nationwide.

Renaissance has specialized in college and university student health care for more than 20 years.

Ascension said Portal Group Holdings is the largest California provider of employee benefits, retirement services and HR outsourcing to the nonprofit community.

PIA is a provider of administration services to colleges and universities, servicing approximately 100,000 domestic and international students enrolled in more than 60 colleges and universities.

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