The Dominican Republic’s second-largest insurance broker, First Insurance Group, intends to expand its operations into the mainland United States under its new name, Fulcro Insurance. According to the company’s founder and president, Ramon Perez, Fulcro intends to establish a presence in the state of Georgia by the end of the year through either acquisition or establishment of a new entity. Mr. Perez further commented that the exact date that operations will begin depends solely upon regulatory authorizations, as to which the company has experienced some problems despite expectations of reciprocity based upon its operations in Puerto Rico.
Fulcro reportedly chose Atlanta, Georgia as its first mainland Unites States location because of the area’s concentration of Latino-owned businesses, and plans further U.S. expansion to serve the same market in other cities.
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