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Last week, Pearl Insurance of Peoria Heights, Illinois completed a business transaction with Specialty Lines Underwriters, Inc. of Milwaukee, Wisconsin. Pearl's acquisition included the exclusive marketing rights for the CNA Lawyers Professional Liability Insurance program in Minnesota, North Dakota, South Dakota, and Wisconsin, as well as territorial administration for the CNA/AICPA Accountants Professional Liability Insurance program in Wisconsin. Specialty Lines Underwriters, Inc. will continue to serve their agents as wholesaler for all their excess and surplus lines needs.
Pearl Insurance, which already held the CNA exclusive marketing rights for lawyers in Illinois, Indiana, Kentucky, Tennessee, and Virginia, is thrilled to add these new states. "The acquisition of the CNA franchise in these four states," explains Gary Pearl, President and CEO of Pearl Insurance, "continues the planned expansion of our geographic footprint through the Heartland, while also complementing and expanding our accountants business model. This purchase further enhances our professional liability focus and volume, moving us closer to our desired strategic growth through acquisitions."
Pearl Insurance is a part of the Pearl Companies, a privately held, multifaceted organization that also includes Pearl Technology, Pearl Benefits, Pearl Automotive, Pearl Carroll & Associates LLC, and their most recent acquisition, W.B. Griffin & Son. The Pearl Companies' commitment to working hard, working smart, and working together has not only placed them in the enviable position they are today, but has also secured them a strong presence in the marketplace for years to come. |
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