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Plymouth Rock Assurance Acquires Rider Insurance to Expand Motorcycle Insurance Offerings
Tuesday 22 October 2019

22 October 2019 - New Jersey, US-based insurance company Plymouth Rock Assurance has completed its acquisition of New Jersey based motorcycle insurance provider Rider Insurance to expand motorcycle and ATV insurance offerings, the company said.
Plymouth Rock and Rider share a common history built on trust and reliability, the companies said.
Plymouth Rock will expand its motorcycle insurance business with the acquisition of Rider Insurance. The acquisition of Rider by Palisades Safety and Insurance Association, a Plymouth Rock Company, was approved earlier this month by the New Jersey Department of Banking and Insurance.
The Plymouth Rock Group of Companies was established to offer its customers a higher level of service and a more innovative set of products and features than they would expect from an insurance company.
The group's companies now write and manage more than USD 1.4bn in auto, motorcycle, and home insurance premiums across Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Pennsylvania.
Rider is the largest motorcycle insurance provider in New Jersey, and the only carrier serving exclusively the motorcycle community.
It also has a significant presence in Pennsylvania.
Details
Date Published: 22/10/2019
Target: Rider Insurance
Country: USA
Sector: Insurance
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Plymouth Rock Assurance
Comment:
Terms of the deal were not disclosed

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