PMC Advantage announced expansion to Lansing, Michigan

PMC Advantage Insurance Services, Inc. (PMCA), a wholly-owned subsidiary of Pharmacists Mutual Insurance Company, has closed an asset purchase transaction with Lansing, Michigan-based PSI Insurance Agency (PSIA), resulting in the sale of all renewal rights to PMCA by PSIA. The transaction is expected to result in over two million dollars in new business opportunities for PMCA over the next twelve months and afford other transformative growth opportunities for the Pharmacist Mutual group of companies. As part of the transaction, all PSIA employees will also be joining PMCA effective January 1, 2025.

PMCA will also open an office at the current location occupied by PSIA. This will be PMCA’s first office outside of the state of Iowa, further enhancing its ability to serve customers nationwide.

“This partnership is an exciting step forward,” said Aaron Pearce, President & CEO of Pharmacists Mutual Insurance Company. “This transaction, and the hiring of three incredible agency professionals, aligns with our long-term goal of responsibly scaling our retail business operations beyond Iowa and provides us a truly unique opportunity to enhance our ability to serve the Michigan insurance market. Michigan is a great state for the agency, and we are eager to grow closer with our clients in the state.

Ron Devers, Director of Agency Operations at PSIA, emphasized the benefits for PSIA’s customers, “Joining the PMCA family means our clients will have access to a wider range of insurance solutions and larger customer support team. It’s a win-win for everyone involved.”

NOTICE: Product availability is subject to limitations based on state licensing and carrier availability. It is not an offer of coverage and is subject to terms and conditions. For more information, connect with us at www.pmca.agency. Copyright ©2024, PMC Advantage Insurance Services, Inc. All rights reserved.