Element Risk Management has acquired Ross Insurance, a personal and commercial lines agency located in Lancaster, Pennsylvania.
Terms of the transaction were not disclosed.
Ross Insurance was founded in 1960 by Bill Ross Sr. and Sondra Ross. Brothers Richhi Ross and Bill Ross Jr. have grown the agency over the past 30 years to serve more than 7,000 clients in Lancaster County and surrounding areas. Richhi Ross retired in 2018. Bill Ross and his staff will continue to serve clients from their office located in Lancaster.
Earlier this year, Element Risk Management acquired two other Pennsylvania insurance agencies and another in Virginia,
The Pennsylvania agencies are W.S. Hoffman Insurance located in Phoenixville, and L&B Insurance and Financial Services, located in Collegeville. Element Risk also acquired Stoneburner-Carter Insurance, located in Front Royal, Virginia
Element Risk now has 17 locations across Pennsylvania, Virginia and Maryland.
Topics Mergers & Acquisitions Virginia Pennsylvania Risk Management
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