PCF enters Alabama with major insurance acquisition

PCF enters Alabama with major insurance acquisition | Insurance Business America

Agency is best known for its HNW personal lines and construction and real estate solutions

PCF enters Alabama with major insurance acquisition

Insurance News

Kenneth Araullo

PCF Insurance Services has announced its acquisition of the insurance operations of MK Insurance Group to mark its physical entry into Alabama.

The deal integrates a long-standing, third-generation family-owned agency specializing in both commercial and personal insurance, with a history spanning almost six decades.

MK Insurance Group, known for its focus on high-net-worth personal lines and its provision of solutions across the construction and commercial real estate sectors, as well as its niche expertise within the signage industry, marks PCF Insurance’s inaugural physical presence in Alabama.

The collaboration aims to boost MK Insurance Group’s offerings in several key areas, including technology, wherein PCF Insurance’s commitment to early adoption of advancements and operational infrastructure is expected to provide MK Insurance Group with enhanced business transaction capabilities.

The integration will also allow MK Insurance Group to benefit from PCF Insurance’s team of in-house risk management professionals and commercial claims advocacy group, which specializes in developing customized loss control programs aimed at mitigating risks and potentially reducing premiums.

Brooke DeWyze, chief development officer at PCF Insurance, expressed enthusiasm about the acquisition, highlighting the strategic alignment between the two entities.

“PCF is focused on intentional, strategic growth with businesses like MK that complement our deep bench strength, expand our subject matter expertise on industry verticals and have a solid track record that will enhance our leading position within the industry,” DeWyze said.

Greg Mikos, principal at MK Insurance Group, also reflected on the agency’s commitment to community service through superior insurance and risk management solutions since its inception in 1967.

“We are eager to leverage the deep experience of the PCF team to accelerate our business growth and provide our clients with better coverage solutions, more competitive pricing, and increased market access,” Mikos said.

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