First Light Programme Managers has entered into an agreement to acquire all the assets of Managing General Agency (MGA) Piedmont Transportation Underwriters.
Piedmont specialises in the trucking insurance industry, offering commercial auto liability, auto physical damage and motor truck cargo coverage on a wholesale basis in the U.S. Mid-Atlantic region.
President of Piedmont Transportation Underwriters, James Butler, and his associates will continue to work for the firm from their North Carolina office.
Anthony Johnson, Chief Executive Officer of First Light Program Managers – an MGA that offers specialty insurance products through a network of insurance agencies – commented on the transaction; “for over 25 years, Piedmont Transportation Underwriters has been a leading MGA in the trucking and transportation industry. We are thrilled to have Jim and his staff join us in making First Light an even stronger organization.”
Butler added; “We could not be happier to join forces with First Light Program Managers.
“Their strong presence in trucking insurance is well documented and joining forces with them will allow us to expand our market share due to their stellar reputation, breadth of product offerings and excellent market relationships.”
