LOS ANGELES, CA – Peninsula General Insurance, the top Mercury authorized insurance agency in California, today announced the acquisition of Anaheim based Coffer Insurance, one of the state’s leading surety bond agencies. Terms of the acquisition were not disclosed.
Established in 1986, Coffer Insurance specializes in Surety Bonds and is a leading agency specializing in auto dealer insurance. Mike McKinnon, President and CEO of Peninsula General will lead operations for Coffer going forward. Following the transition, Coffer Insurance will continue operating out of their Anaheim location and servicing clients under the Coffer Insurance name.
Commenting on the acquisition, McKinnon said: “Coffer has a long-established reputation for both their dedication to unparalleled customer service and their expertise in the surety bond & automotive industries. We are excited to collaborate with the Coffer team and work together to further enhance our client offerings.”
The acquisition of Coffer Insurance Agency allows Peninsula General to strengthen their presence in Southern California. “We are always looking for acquisitions that allow Peninsula General to provide our customers with a more well-rounded service offering, and that is exactly what Coffer Insurance brings to the table,” commented McKinnon. Peninsula General Insurance is already the top independent home and auto insurance provider in Los Angeles. The Coffer acquisition not only allows them to expand geographically to Anaheim, but also adds surety bonds and automotive dealer insurance to their client services.
About Peninsula General Insurance
Peninsula General is a leading independent insurance agency in Southern California and the top Mercury Authorized Insurance Agency in California. Peninsula General has been providing individual and commercial clients with home, auto & business insurance, and advisory services since 1986. By matching customers with insurance providers and policies that meet their needs, Peninsula General is able to provide highly competitive insurance solutions.
Peninsula General Insurance
22330 Hawthorne Blvd, Suite I
Torrance, CA 90505