Plymouth Rock Assurance has finalized its acquisition of Rider Insurance Company.
New Jersey-based Rider, which was founded in 1971, is the largest motorcycle insurance provider in the state and the only carrier serving the motorcycle community exclusively.
"We look forward to focusing on the motorcycle insurance segment of the business and expanding our current product offerings," Gerry Wilson, the president and chief executive officer of the Plymouth Rock Management Company of New Jersey, said in a statement. "Plymouth Rock and Rider share a common history built on trust and reliability, and we're excited to welcome a new group of customers and riding enthusiasts to Plymouth Rock."
Plymouth Rock, which specializes in auto and home insurance across the Northeast, said that it now will look to 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 by the New Jersey Department of Banking and Insurance.
Learn more: Plymouth Rock to Acquire Rider Insurance.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].