Kaplansky Insurance coverage, one of many largest unbiased, domestically owned insurance coverage companies within the Northeast, has introduced the acquisition of Bridge Insurance coverage Associates, a Newton, Mass.-headquartered company also referred to 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 happy with our historical past as an unbiased company firm and stays dedicated to the company channel,” stated Ely Kaplansky, president and CEO of Kaplansky Insurance coverage. “Our success is rooted in offering services to our company companions and policyholders, thereby gaining and holding their respect and loyalty. This acquisition is an thrilling alternative to strengthen our place throughout the unbiased company channel whereas positioning us for future prosperity.”
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Kaplansky Insurance coverage is not going to retain Bridge’s current location in Newton, and can as a substitute merge the enterprise into its Needham, Mass., headquarters.
With the acquisition of Bridge Insurance coverage, Kaplansky has efficiently acquired 40 unbiased insurance coverage companies 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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