Cross Insurance acquires Mass. agency
Cross Insurance has acquired Massachusetts-based insurer The Driscoll Agency, its third acquisition in the past two months. Cross did not disclose the terms of the deal.
The Norwell, Mass.-based agency specializes in risk management services and surety bonding and represents more than 100 contractors in New England.
Royce Cross, Cross’ CEO, said in a statement that the acquisition will help the insurer expand its surety bond offerings and that it can provide additional sales and marketing services to customers of the newly acquired firm. The new firm will operate as a subsidiary of Cross Financial and retain its name and product line.
In December, Cross acquired the Maine operations of Willis Northern New England and in January closed a deal to buy The Insurance Exchange Inc., based in Stamford, Conn. Cross now operates offices in New Hampshire, Massachusetts, Connecticut, Rhode Island, Florida and New York.
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