PCF Insurance Services moves into NY and Chicago areas with acquisitions

Insurance Business America | April 10, 2019

PCF Insurance Services has completed two acquisitions: Hipskind Seyfarth Risk Solutions in Chicago, and Braodfield Group, dba Warwick Resource Group in New York. According to a release, the management teams at both Hipskind Seyfarth and Broadfield were drawn to the growth potential they would experience as partners of PCF. “We are delighted to add the professionals at Hipskind Seyfarth and Broadfield into the PCF family,” said PCF CEO Peter Foy. Foy added that the acquisition enhances PCF’s talent pool and expands the company’s national footprint. “Not only has the partnership with these agencies brought us years of industry knowledge, experience and leadership, it has also provided us the opportunity to expand into new geographies with offices now in the Midwest and Northeast,” the executive explained. Both acquisitions were made possible thanks to PCF’s partnership with private investment firm BHMS Investments, a release said. The partnership, which began in 2017, focused on growing PCF by way of retail agency acquisitions.

Spotlight

The health insurance industry is evolving and undergoing significant changes. As the risk landscape shifts, it is necessary to improve operational efficiencies, cater to evolving customer preferences, and align better with the changing business environment. Payers must adapt and align their business and offerings accordingly. A tactical approach is required to cater to the emerging risks and needs of the customers.

Spotlight

The health insurance industry is evolving and undergoing significant changes. As the risk landscape shifts, it is necessary to improve operational efficiencies, cater to evolving customer preferences, and align better with the changing business environment. Payers must adapt and align their business and offerings accordingly. A tactical approach is required to cater to the emerging risks and needs of the customers.

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