Fortuna General Insurance Agency has acquired Simi Valley, Calif.-based Appleby and Sterling.
Appleby and Sterling’s Mike Maurer and Sue Fodor will be joining Fortuna as production underwriters.
Terms of the deal were not disclosed.
Appleby and Sterling, founded by Walt Maurer in 1983, is a wholesaler that focuses on small to medium sized brokerages.
Fortuna is based in the Simi Valley and offers an array of products and carriers, primarily commercial.
Topics Mergers & Acquisitions California
Was this article valuable?
Here are more articles you may enjoy.
WSJ Wins Dismissal of Trump’s $10 Billion Defamation Suit 
Florida Agency Owner and Unlicensed Agent Charged in Fake Certificates Scheme 
Pennsylvania Public Adjuster Law Adds Cap on Fees, Bans Ties With Contractors 
Florida AG Sues Climate Modeler First Street Over Home Risk Scores 
