Two Rhode Island insurance agencies have launched an affiliation group and are searching for potential partners, they said.
Hunter Insurance and Loiselle Insurance Agency have created the Trusted Insurance Alliance (TIA) to “capitalize on the shared performance of participating independent insurance agencies,” the group said in a release. TIA is seeking to independent agencies to join.
Affiliates will maintain independent ownership, offices and existing insurance company contracts, but will also receive opportunities and benefits from aggregated written and earned premiums and loss results. They also receive access to TIA charter company partners, including Beacon Mutual Insurance, Merchants Insurance Group, Narragansett Bay Insurance, Ohio Mutual Insurance Group, Providence Mutual and Peerless Insurance.
“TIA is not only committed to the independent insurance network, but to the Rhode Island marketplace as a whole,” said Brian Hunter, president of Hunter Insurance based in Lincoln
Bob Loiselle, president of Pawtucket-based Loiselle Insurance Agency, said “agencies will have the opportunity to further succeed in an increasingly competitive environment and will allow both its founders and participants to maximize income opportunities by building on each others strengths.”
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