Philadelphia Consolidated Holding has acquired Gillingham & Associates, a program manager specializing in commercial property and casualty insurance for the outdoor recreation and hospitality industries.
Through this acquisition, Philadelphia Consolidated Holding (PHLY) said that it expands its product offering for the outdoor recreation and hospitality industries.
In addition to campgrounds, RV parks and guides and outfitters products, coverage will now also be provided for fishing and hunting lodges, resorts and lodges, dude and guest ranches, hunting preserves, rod and gun clubs, hunting leases, bed and breakfasts, shooting ranges, whitewater rafting, ATV and snowmobile tours, and trap, skeet and sporting clay ranges.
James Maguire, president and CEO of PHLY, said: Gillingham has been a market leader in outdoor recreation and hospitality insurance since 1991 and we welcome their talented group of professionals to the PHLY team. With approximately $50 million of in-force premium, the acquisition of Gillingham presents a unique opportunity to expand PHLY’s product portfolio and strengthen our position in this growing market segment.