Chestnut Hill Insurance Group, an independent property/casualty insurance agency in Chepachet, Rhode Island, announced that it has acquired Rotatori Insurance, an independent P/C agency also based in Chepachet. Terms of the transaction were not disclosed.
Chestnut Hill Chief Executive Officer Greg Agnone said the deal is designed to expand markets and aid in the execution of the firm’s roll-up strategy.
Agnone also said Chestnut Hill is looking to expand its current geographic footprint through future merger and acquisition activity in Massachusetts, Rhode Island, and Connecticut. Chestnut Hill was launched in 2013 by Agnone after leadership positions at The Hartford, Travelers, AIG, and Providence Washington spanning nearly three decades.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
‘Structural Shift’ Occurring in California Surplus Lines 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
