Relation Insurance Services has acquired California-based employee surety firm Pope & Young Bonding for an undisclosed price, in a move to continue the expansion of its property and casualty (P&C) platform.
Headquartered in Clovis, Pope & Young Bonding is said to specialize in contract, license and permit, court, and fidelity bonds.
The transaction expands the product offering and capabilities of Relation Insurance Services in California. It is also said to deepen its specialty service offerings, enlarge its presence across the US while continuing its steady growth trajectory.
Joe Tatum – CEO of Relation Insurance Services said: “We are excited to welcome Pope & Young Bonding to the Relation family.
“This acquisition brings new products and capabilities to our California clients, and we are excited to have Dennis Pope and Debbie Young join the Relation family.”
Established in 2007, Relation Insurance Services is an insurance brokerage, which through its family of brands across the US, provides risk-management and benefits-consulting services.
Dennis Pope said: “Combining our surety services with Relation’s suite of products will help us continue to deliver superior service and positions us for continued growth.”