Cross Insurance stakes out Boston expansion
The Bangor-based Cross Insurance has expanded to Boston to grow its number of higher education insurance and risk management clients.
According to a company press release, Cross has brought on Beverly Costello, a former senior vice president with Marsh, an international insurance and risk assessment firm, to run the company's new higher education division.
Prior to her work there, Costello was a risk manager for Yale University.
Brent Cross, the company's executive vice president, told the Bangor Daily News that the company acquired the Boston-based Academic Risk Resources last fall but waited until a leader of that new acquisition was named to make the announcement.
Cross told the paper he could not confirm which clients his company has already signed but that they included large schools with enrollments up to 40,000.
The expansion is the company's third in Massachusetts and and adds to the more than 90 insurance agency acquisitions Cross has made since its founding over 50 years ago.
The company also operates offices in Peabody, Mass., and Wakefield, Mass.
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