Paula Expands Personal Lines Business

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Pasadena-based Paula Financial said Wednesday that its operating subsidiary, Pan American Underwriters Inc., has acquired the assets of Sunland Insurance Services, a specialty distributor of personal lines insurance with five offices in the San Joaquin Valley.


Terms of the transaction were not disclosed. Pan American anticipates the acquisition will increase the top line by more than 5 percent in the first 12 months and will more than double Pan American’s current personal lines inventory, Pan American Chief Executive Jeff Snider said in a statement


“Sunland’s focus on personal lines compliments Pan American Underwriters’ expertise in commercial lines,” said Sunland owner Mike Denman, noting that Sunland will assume responsibility for the personal lines division of the combined companies.

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