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.
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Uber Jury Awards $8.5 Million Damages in Sexual Assault Case 
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 
