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PCF Founder and CEO Peter Foy said: “Our success stems from the commitment and dedication of our employees. We’re all in this together, and we’re excited to make good on our long-standing promise that we will all share in our collective prosperity.” (Credit: ngad/Adobe Stock) PCF Founder and CEO Peter Foy said: “Our success stems from the commitment and dedication of our employees. We’re all in this together, and we’re excited to make good on our long-standing promise that we will all share in our collective prosperity.” (Credit: ngad/Adobe Stock)

PCF Insurance Services’ management team is dividing $8.2 million evenly among 1,800 employees this holiday season, the company reported.

This news follows a management- and partner-led buyout, which valued the business at $2.2 billion, from financial sponsor HGGC, LLC a California-based private equity firm.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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