Under one roof, APCI will speak for nearly 60% of the U.S. property-casualty market. It has 160 employees as a result of the merger, an operating budget of $53 million per year and will have member companies domiciled in 49 states with Alaska being the exception. Under one roof, APCI will speak for nearly 60% of the U.S. property-casualty market. It has 160 employees as a result of the merger and an operating budget of $53 million per year. It will have member companies domiciled in 49 states with Alaska being the exception.

2018 was a major year for insurance agency mergers and acquisitions, and 2019 is starting off to a similar beat.

The respective memberships of the American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) have approved a merger. As of Jan. 1, 2019, the American Property Casualty Insurance Association (APCI) will house the combined organizations.

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].