Specialty insurance coverage dealer One80 Intermediaries reported it has acquired PMC Insurance coverage Group, a employees’ compensation wholesale dealer and program supervisor based mostly in Bedford, Mass. Phrases of the deal weren’t disclosed.
PMC presents unique and semi-exclusive specialty insurance coverage applications in industries that embody healthcare and residential well being, trucking and transportation, short-term staffing companies, development, maritime, and social service organizations. PMC additionally presents threat administration and loss management companies together with a pay-as-you-go expertise platform via PMC PayGo, which permits insureds to pay employees’ compensation premiums based mostly on reported payrolls.
The agency works with 1000’s of insurance coverage brokers nationwide and several other main insurance coverage carriers.
Greg Malloy based PMC Insurance coverage Group in 1996 and constructed it to turn into one of many largest employees’ compensation specialty insurance coverage brokers within the nation. Malloy handed away final February.
David Malloy, president, and Andrew Shaw, govt vp, together with the remainder of the management staff and whole employees, will stay with the agency, PMC mentioned.
Boston-based One80 Intermediaries is a privately held, nationwide specialty brokerage agency with places of work all through the U.S. and Canada. The corporate presents placement companies and binding authority for property/casualty, monetary strains, private strains, hashish, life insurance coverage, medical cease loss, different threat, guarantee, lender-based insurance coverage, journey/accident and well being dangers. One80 has places of work in additional than 35 areas within the US and Canada
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