From Finanzen.net
First National Insurance Agency LLC, a subsidiary of F.N.B. Corporation , announced today that it has acquired Penn Group Insurance, Inc., in an all cash transaction. Penn Group Insurance, Inc. is an established life and employee benefits agency based in Pittsburgh.
"Penn Group Insurance specializes in an attractive segment of the insurance market," noted James Morrell, President and Chief Executive Officer of First National Insurance Agency. "This move enhances our presence in this growing product area."
The owner of Penn Group Insurance, Ed Willig, will join First National Insurance Agency as Vice President of Employee Benefits. Willig is past president of the Pittsburgh Association of Health Underwriters and is a member of the Health America Advisory Board. All former Penn Group staff members will be retained by First National Insurance Agency, and relocated to the company’s main office in Robinson Township.
Group health insurance is a great product. I am happy to hear the company has great plans of health coverage.
Comment by California Health Insurance — November 2, 2005 @ 5:17 pm