Kaplansky Insurance coverage, one of many largest unbiased, regionally owned insurance coverage businesses within the Northeast, has introduced the acquisition of Bridge Insurance coverage Associates, a Newton, Mass.-headquartered company often known as Massinsurers.
Bridge Insurance coverage Associates was based by Gerald Baratz within the mid-Sixties. It supplies enterprise, dwelling and auto insurance coverage.
“Our company is pleased with our historical past as an unbiased company firm and stays dedicated to the company channel,” mentioned Ely Kaplansky, president and CEO of Kaplansky Insurance coverage. “Our success is rooted in offering services and products to our company companions and policyholders, thereby gaining and holding their respect and loyalty. This acquisition is an thrilling alternative to strengthen our place inside the unbiased company channel whereas positioning us for future prosperity.”
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Kaplansky Insurance coverage won’t retain Bridge’s present location in Newton, and can as an alternative merge the enterprise into its Needham, Mass., headquarters.
With the acquisition of Bridge Insurance coverage, Kaplansky has efficiently acquired 40 unbiased insurance coverage businesses throughout its 4 many years in enterprise. Different Massachusetts acquisitions embody Dorchester-based Judith M. Flynn Agency and Seekonk-based Russ Towers Agency.
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