Plymouth Rock Assurance on Thursday announced it finalized its acquisition of New Jersey’s largest motorcycle insurance provider.
According to Plymouth Rock, the New Jersey Department of Banking and Insurance approved the acquisition of Rider by Palisades Safety and Insurance Association, a Plymouth Rock company, earlier in October.
“We look forward to focusing on the motorcycle insurance segment of the business and expanding our current product offerings,” said Gerry Wilson, president and chief executive officer of Plymouth Rock Management Co. of New Jersey in a prepared 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 provides auto and home insurance across the Northeast. Financial terms of the deal were not disclosed.