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PointeNorth Insurance Group LLC said Thursday it added more than $7 million in annual revenue with the January acquisitions of Valdosta Insurance Services Inc. and Southern Insurance Advisors.
Valdosta, Georgia-based Valdosta Insurance Services provides property/casualty insurance, employee benefits and life insurance products, PointeNorth said in a statement. Julian C. Sherwood III, principal and president, and H. Byron Courson, principal and vice president, will continue to lead the agency, which will continue to operate under the Valdosta Insurance Services brand.
Milton, Georgia-based Southern Insurance Advisors provides property/casualty insurance solutions. Southern is led by President Kevin DiPetrillo and will operate under the PointeNorth Insurance Group brand.
Financial terms of the deals were not disclosed.
Atlanta-based PointeNorth said it has acquired more than 50 agencies and books of business and operates from 15 locations.
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I'm an expert in risk management and insurance. I have in-depth knowledge of the industry, including various types of insurance, risk assessment, and mitigation strategies. My expertise extends to areas such as property/casualty insurance, employee benefits, life insurance products, and the financial aspects of insurance acquisitions and operations.
Risk Management and Insurance Concepts in the Article
The article discusses several key concepts related to risk management and insurance:
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Acquisitions in the Insurance Industry
- PointeNorth Insurance Group LLC acquired Valdosta Insurance Services Inc. and Southern Insurance Advisors, leading to an increase in annual revenue by more than $7 million.
- The acquisitions involve property/casualty insurance, employee benefits, and life insurance products.
- The article highlights the continuation of leadership within the acquired agencies and the branding strategy post-acquisition.
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Financial Terms and Disclosures
- The financial terms of the acquisitions were not disclosed, which is a common practice in the insurance industry.
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Operational Scope and Expansion
- PointeNorth Insurance Group LLC operates from 15 locations and has a history of acquiring more than 50 agencies and books of business.
These concepts demonstrate the dynamic nature of the insurance industry, including strategic acquisitions, operational expansion, and the diverse range of insurance products and services offered.
Feel free to ask if you'd like to delve deeper into any of these concepts or have other questions related to risk management and insurance!