Personable Holdings, a provider of non-standard auto insurance has acquired Network Holding, the parent company of First Insurance Network and Peachtree Casualty Insurance Company.
First Insurance Network is a managing general insurance agency and Peachtree Casualty Insurance Company is a P&C insurance company licensed to write private passenger automobile insurance in 38 states.
The transaction has been approved by the Florida Office of Insurance Regulation.
The acquisition expands Personable’s geographic footprint into Florida and Georgia states in the US and will bring 18,000 policyholders to the company and will add 400 new independent agent partners.
Personable chairman Kieran Sweeney said that the company is well positioned to execute its long-term growth strategy following this acquisition.
"Personable now has a strategic presence in four of the five largest states for non-standard auto insurance in the US, over 45,000 customers and 3,000 quality retail partnerships," Sweeney said.