DOXA Insurance coverage Holdings, an Indiana agency, has expanded its secure of distribution corporations with the current acquisition of Georgia-based Most popular Aviation Underwriters, a managing normal agent.
PAU, headquartered in Duluth, Georgia, was based in 2005 by pilots and business veterans Kim Stufflet and Tom Adderhold, the businesses stated in a information launch. The MGA presents property, auto, inland marine and extra protection for airports and adjoining services.
Stufflet and Adderhold will proceed to guide Most popular Aviation, together with companions Rob O’Neil and Chris Carter. DOXA CEO Matt Sackett stated that the deal is consistent with DOXA’s technique to amass MGAs and area of interest wholesalers. DOXA has accomplished 12 acquisitions within the the final 7 years.
Concurrently, White Mountains Insurance coverage Group Ltd., accomplished a most popular fairness funding in DOXA. The infusion will assist help the continued development of DOXA, the agency famous.
Matters
Mergers & Acquisitions
Aviation
Insurance coverage Wholesale
Georgia
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