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Announced

Integrated Specialty Coverages acquired Paramount General Agency and Paramount Acceptance Corporation.

Synopsis

Integrated Specialty Coverages, a Managing General Agent backed by Sightway Capital, a Two Sigma company, acquired Paramount General Agency and Paramount Acceptance Corporation, two licensed MGAs providing commercial auto liability, cargo, and physical damage coverage as well as premium financing to trucking businesses. Financial terms were not disclosed. ISC will utilize its strong relationships and operational expertise in the insurance industry and focus on diversified growth and technological innovation. The company will combine M&A, new program development, and other innovative growth initiatives to create diversification across end markets, carriers, producers, and geographies.

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