Reinsurance News

MAPFRE Insurance Company of New York acquired by Plymouth Rock

15th June 2018 - Author: Charlie Wood

Massachusetts-based Plymouth Rock Assurance Corporation has announced the acquisition of MAPFRE Insurance Company of New York (NY), continuing its expansion into the State’s insurance market.

Plymouth RockThe deal involves both personal auto and home insurance business in NY, with certain Plymouth Rock companies also acquiring replacement carrier rights for auto and home insurance business in New Jersey from American Commerce Insurance Company (ACIC), a MAPFRE company.

The acquisition follows Plymouth Rock’s announcement in April that it had entered the NY auto and home insurance market by purchasing 21st Century National Insurance Company.

It intends to offer auto and home insurance policies to new customers in NY later this year.

Hal Belodoff, President of Plymouth Rock, said, “Plymouth Rock was founded on the idea that our customers should come first. As we continue to grow, which is evidenced by our recent entrance into New York and Pennsylvania, our mission stays the same.

“We focus on new ways to improve our customers’ experience when it comes to insurance.”

Commenting on the company’s New Jersey expansion, Belodoff added, “New Jersey will always be very important to our company. We’re pleased to be able to expand our presence in the state and bring our unique products and features to new customers.”

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