As part of the transaction, Carolyn Rummel has been named President of Meadowbrook Insurance Agency's Florida operations.
AmeriTrust Group, Inc. operates as the U.S.-based insurance holding company for Fosun International Limited.
SOURCE AmeriTrust Group, Inc.
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SOUTHFIELD, Mich. and SARASOTA, Fla., Nov. 8, 2018 /PRNewswire/ -- AmeriTrust Group, Inc. announced today that the organization's retail agency subsidiary "Meadowbrook Insurance Agency" has acquired Sarasota, Florida-based "Carol P. Rummel Insurance Agency", (dba "Signature Insurance Agency"), effective October 29th, 2018. This retail agency acquisition provides Meadowbrook Insurance Agency with additional revenue opportunities, niche product expertise, and expanded market reach.
Commenting on the acquisition, Meadowbrook Insurance Agency President Brian L. Risen stated: "Carolyn Rummel has over 20 years of strong agency management and leadership experience, with a solid track record of success." Mr. Risen further elaborated, "This acquisition is consistent with our strategy to expand our full-lines agency presence in the Florida marketplace."
About AmeriTrust Group, Inc.
Founded in 1955, AmeriTrust Group, Inc, (formerly Meadowbrook Insurance Group, Inc.), is a nationally recognized specialty, niche-focused commercial insurance underwriter and insurance administration services provider within the commercial property and casualty insurance industry. AmeriTrust is comprised of four distinct distribution segments of the specialty insurance marketplace: admitted carrier operations, excess & surplus lines carrier operations, wholesale MGU/MGA and third-party administration operations, and retail insurance agency operations.
AmeriTrust offers a broad range of insurance solutions to select industry, trade and professional associations, affinity groups, governmental entities, and independent agents. Carrier operations include five insurance companies which are licensed on both an admitted and non-admitted basis in all 50 states. For more information please visit www.ameritrustgroup.com.
About Fosun International Limited
Fosun International Limited is a family-focused multinational company that has been listed on the main board of the Hong Kong Stock Exchange (00656: HK) since 2007. Founded in 1992, Fosun's total assets exceed RMB500 billion (c.US$75 billion). With its roots in China, and through technology and innovation, Fosun's mission is to create customer-to-maker (C2M) ecosystems in health, happiness and wealth, providing high-quality products and services for families around the world. For more information, please visit www.fosun.com.
