Home > Insurance Blog > villaNOVA Insurance Partners announces purchase of Peninsula Excess Insurance Brokers
Posted by PenEx Insurance on
Two Great Businesses Come Together
Wayne, PA— 08/29/2019— villaNOVA Insurance Partners is proud to announce that as of 07/01/2019 Peninsula Excess Insurance Brokers became part of the villaNOVA team.Owner, Judith Fobes, of Berwyn, now brings her wealth of experience in the program and wholesale insurance markets to align forces with NOVA of Wayne.
What does this mean for Peninsula Customers and Brokers?
The aligning of theses entities is only going to have a positive impact on the retail customers, and wholesale brokers who do business with Peninsula Excess.Customers will interface with the same great people they are accustomed to and it will be business as usual.Pen-Ex will now have access to more markets (to keep pricing competitive) and full access to NOVA’s legal consultation and risk management teams.Moreover, Pen-Ex will now offer personal lines coverage for both home and auto, as well as, group Employee Benefits via the villaNOVA Health Agency.
villaNOVA, known for its national program business in the Managed Professional Lines sector of the insurance industry (EMGA), will now join the efforts of Pen-Ex’s niche program business: Home Staging Guard, Home Health Care (HealthCarePro), and Architects & Engineer E&O program.Using NOVA’s experience in the program space, NOVA and Pen-Ex plan to broaden the scope of these niche programs, design risk management tools and provide the very best service the insurance market can offer.
This transaction only goes to show villaNOVA’s intent to expand its markets and continue looking for buying opportunities.