Kansas City, Mo. — Ascension Insurance Inc. has signed an agreement to acquire the assets of a California-based Pan American Underwriters Inc., Fresno. PAU is a wholly owned subsidiary of PAULA Financial. Pending a favorable vote by shareholders, the asset sale is expected to close in February.

Headquartered in Kansas City, Mo., Ascension is a full-service insurance and employee benefits agency that provides high-level brokerage and risk management services specifically to middle-market companies nationwide. PAU offers property/casualty and benefits products, and has been serving the risk management needs of agribusiness employers in the West since 1946.

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