Chestnut Hill Insurance Group, an independent property/casualty insurance agency in Chepachet, Rhode Island, announced that it has acquired Rotatori Insurance, an independent P/C agency also based in Chepachet. Terms of the transaction were not disclosed.
Chestnut Hill Chief Executive Officer Greg Agnone said the deal is designed to expand markets and aid in the execution of the firm’s roll-up strategy.
Agnone also said Chestnut Hill is looking to expand its current geographic footprint through future merger and acquisition activity in Massachusetts, Rhode Island, and Connecticut. Chestnut Hill was launched in 2013 by Agnone after leadership positions at The Hartford, Travelers, AIG, and Providence Washington spanning nearly three decades.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Ranking: Who Are the Insurance Industry’s AI Talent, Maturity Leaders? 
India’s Largest Nuclear Power Plant Hit by Data Breach 
After Losing Job and Crypto, Man Falsely Claimed $1.3M From 107 Class Actions 
Premiums Will Skyrocket by 2035; Discounts Not Enough for Wind Mit, Studies Say 
