Glatfelter Acquires Professional Underwriters

York Township, Pa.-based Glatfelter Insurance Group will acquire Professional Underwriters Company of Exton, Pa., the companies said today.

Anthony P. Campisi, Glatfelter president and chief executive officer, and William Kronenberg III, CEO of Professional Underwriter, in making the announcement did not disclose financial terms.

Mr. Campisi said that John Solari, who leads the Professional Underwriters underwriting team, will be promoted to executive vice president and chief underwriting officer of Glatfelter's Public Practice division and, along with his team, will continue to operate out of Exton.

Mr. Kronenberg said, “I am pleased to see Professional Underwriters become a part of the highly respected Glatfelter Insurance Group. The acquisition of Professional Underwriters by Glatfelter represents an excellent strategic and cultural fit and will strengthen the mutual commitment and capacity to serve the public entity sector.”

Owned by its 480 employees, Glatfelter Insurance Group, founded in 1951, is an all lines, full-service insurance broker marketing property, casualty, life, accident and health insurance products and risk management services on a retail and wholesale/specialty basis throughout the United States.