ReSource Pro, a market leader in business process solutions for the insurance industry, has acquired MIS Insurance Services LLC., a software solutions company that provides an integrated suite of web-based services to the commercial property and casualty (P&C) insurance market.
The transaction closed on October 14, 2022. RVR Consulting Group acted as advisor to MIS in the deal.
Among a series of recent acquisitions, the addition of MIS is a part of ReSource Pro’s strategy to deepen offerings and opportunities for underwriting organizations, while also reducing the time and effort required to start new programs.
Moreover, the acquisition of MIS adds to ReSource Pro’s broad range of operational and strategic solutions for insurance organizations
Additionally, it has been confirmed that MIS President, Kris George will continue to lead the MIS team as managing director with ReSource Pro, joined by MIS’s current staff based in the company’s Maitland, Florida office.
“This acquisition provides MIS with the ability to expand our reach through ReSource Pro’s established and growing network of carriers, MGAs and program administrators,” said George.
“With ReSource Pro’s deep experience in business process management and global reach we look forward to enhancing outcomes for our current customers while providing valuable solutions to ReSource Pro’s roster of clients.”
Dan Epstein, CEO of ReSource Pro, added: “The business of MGAs and other underwriting organizations is changing rapidly. ReSource Pro is committed to providing solutions that allow all insurers to focus on their core value proposition while we provide the expertise and resources necessary to support their business operations. MIS allows our clients to launch new programs with less risk, paving the way for more nimble and innovative ways to grow their books of business.”