AIA and PCI formally indicated that the possibility of a merger could happen in June 2018.
By Denny Jacob | January 09, 2019 at 05:30 AMThe respective memberships of the American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) have approved a merger. As of Jan. 1, 2019, the American Property Casualty Insurance Association (APCI) will house the combined organizations.
AIA and PCI formally indicated that the possibility of a merger could happen in June 2018, but David A. Sampson, president and CEO of APCI, revealed that the idea was first proposed in July 2017. (He held the same title with PCI prior to its merger with AIA.) He added that both organizations' boards recommended the transaction, and it was overwhelmingly approved by both organizations' members.
Register and gain access to: