Maine-Based Cross Insurance Opens Higher Education Division in Boston

January 14, 2013

Cross Insurance, a subsidiary of Maine-based Cross Financial Corp., and one of the largest independent insurance providers in New England, announced the establishment of a Boston office, specializing in higher education’s insurance and risk management services.

Cross Insurance Boston – The Higher Education Division employs a dozen specialists experienced in providing insurance-based risk management services and consulting in the areas of property/casualty, employee benefits, loss control and safety, claims, and OCIP (Owner Control Insurance Program) to colleges and universities nationwide.

Insurance industry veteran Beverly Costello has been hired to manage and direct Cross Insurance Boston. Prior to joining Cross, Costello was the national placement leader for Marsh USA’s education industry practice, responsible for managing a team of brokers dedicated to education clients. Costello brings more than 30 years of industry experience to her new role.

Cross Insurance Boston – The Higher Education Division will handle the insurance and risk management needs for colleges and universities throughout Boston and across the country with enrollments as large as 35,000. The agency will help clients manage associated risks such as research laboratories, campuses in other countries, large university-affiliated museums, and extensive endowments.

Cross Insurance has acquired more than 90 insurance agencies since its founding more than 50 years ago, incorporating more than 30 offices throughout New England. With the new Boston presence, Cross Insurance now owns and operates three offices in Massachusetts, including Cross Insurance in Peabody and TGA Cross in Wakefield.

Founded in 1954, Bangor, Maine-headquartered Cross Insurance currently has nearly 500 employees, servicing over 22,000 customers throughout the New England region. The firm provides an extensive range of insurance and financial products including personal and commercial insurance lines, employee benefits, surety bonds, comprehensive risk management advice and counsel, and specialized products focused on higher education and high net worth needs.

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