Smith Brothers Insurance LLC has purchased the assets of Bailey Agencies Insurance of Groton, Conn.
Bailey was founded in 1890 by Henry Bailey to help protect families and businesses throughout the Southeastern Connecticut region. Owned and operated by the Scott family since 1980, Bailey Agencies Insurance has been a long-term fixture on the Southeast Connecticut shoreline.
With headquarters in Glastonbury, Conn., Smith Brothers is an independently operated broker in the U.S. and has offices throughout Connecticut, and in Massachusetts and New Jersey. Founded in Hartford, Conn., in 1971 by brothers Bob and Brian Smith, it seeks to help organizations and individuals manage risk, protect assets and grow.
Following the transaction, Bailey Agencies Insurance has moved to the Smith Brothers office in Niantic, Conn.
John Scott IV, former Bailey Agencies Insurance principal, stated in a press release issued by Smith Brothers that the company will help Bailey perpetuate a longstanding agency, deliver broader market scope and access and add to its client offerings.
Going forward, Scott will continue his role as commercial lines producer, and along with two other insurance professionals, he will work from the Smith Brothers’ Niantic office.
In the future, Smith Brothers’ long-term strategic focus is to grow along the shoreline to help protect families and businesses in the unique requirements of a coastal environment, said Jared Carillo, Smith Brothers’ director of foundation accounts, in the release.
Source: Smith Brothers Insurance LLC
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