Boston, MA – One80 Intermediaries, a specialty insurance broker headquartered in Boston, recently announced that it has acquired PMC Insurance Group, a workers’ compensation wholesale broker and program manager.
PMC Insurance Group was formed in 1996 to help independent insurance agents expand their marketing capabilities by providing workers’ compensation specialty products and programs for a broad class of businesses. The firm works with thousands of insurance agents nationwide and maintains long-standing relationships with several leading insurance carriers.
PMC offers exclusive and semi-exclusive specialty insurance programs in industries that include; healthcare and home health, trucking and transportation, temporary staffing services, construction, maritime, and social service organizations.
“One80’s specialist model sets us apart from the competition, and we continue to bring together some of the best talent in the industry in order to create value for customers, our employees, and our shareholders. The acquisition of PMC not only deepens One80’s workers’ compensation offerings; the partnership also expands our broker relationships throughout the country,” said Matthew F. Power, President of One80 Intermediaries.
Terms of the deal were not disclosed.