Towerstone acquired Fortuna General Insurance in Simi Valley, California.
The partnership allows the company to take advantage of Fortuna’s wide array of carrier and broker relationships and its expertise in the property insurance market.
Fortuna will operate as Fortuna General Insurance Agency, a Towerstone company.
Fortuna is a privately owned independent insurance wholesaler. Its eight team members specialize in preferred and hard-to-place property risks including apartment complexes, lessor’s risk and residential condos.
Towerstone is a Dallas-based wholesale insurance brokerage and subsidiary of IMA Financial Group. It has more than 50 employees servicing clients across the U.S.
Topics Mergers & Acquisitions California
Was this article valuable?
Here are more articles you may enjoy.
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
US Appeals Court Rejects Challenge to Trump’s Efforts to Ban DEI 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Experian Launches Insurance Marketplace App on ChatGPT 
