AmeriTrust Group Acquires Florida-Based Signature Insurance Agency

AmeriTrust Group, Inc.’s retail agency subsidiary Meadowbrook Insurance Agency has acquired Sarasota, Fla.-based Carol P. Rummel Insurance Agency, (dba Signature Insurance Agency), effective Oct. 29th, 2018.

As part of the transaction, Carolyn Rummel, who has more than 20 years of agency management and leadership experience, has been named president of Meadowbrook Insurance Agency’s Florida operations.

Meadowbrook Insurance Agency President Brian L. Risen said the acquisition is consistent with the company’s strategy to expand its full-lines agency presence in the Florida marketplace.

This retail agency acquisition provides Meadowbrook Insurance Agency with additional revenue opportunities, niche product expertise, and expanded market reach, according to the company.

Founded in 1955, AmeriTrust Group, Inc, (formerly Meadowbrook Insurance Group, Inc.), is a national specialty, niche-focused commercial insurance underwriter and insurance administration services provider within the commercial property and casualty insurance industry. AmeriTrust is comprised of four distribution segments of the specialty insurance marketplace: admitted carrier operations, excess & surplus lines carrier operations, wholesale MGU/MGA and third-party administration operations, and retail insurance agency operations.

AmeriTrust offers a range of insurance products to select industry, trade and professional associations, affinity groups, governmental entities, and independent agents. Carrier operations include five insurance companies which are licensed on both an admitted and non-admitted basis in all 50 states. AmeriTrust Group, Inc. operates as the U.S.-based insurance holding company for Fosun International Limited, a multinational company based in China.

Topics Florida Mergers & Acquisitions