Several insurance agencies are joining resources to launch Strategic Agency Partners (SAP), an insurance agency network with a geographic footprint in eastern Pennsylvania and New Jersey.
The founding agencies, located in southern New Jersey, include BCA Group of Northfield, The Stanton Insurance Group of Cherry Hill, J.S. Braddock Agency of Medford and The Barclay Group of Riverton.
“The impact of the coronavirus is going to be significant on the economy, independent insurance agents and their clients,” said John Latimer, managing partner of SAP and president of The Barclay Group, in an SAP press release. “We think now more than ever, agency owners need to consider joining an agency network.”
SAP aims to improve agency revenue through consolidating common insurance carrier premium and provide consultative support to its affiliated agencies to improve new business development, technology and agency operations. Affiliated agencies remain fully independent and individually owned.
Originally formed as South Jersey Agency Partners in late 2018 with a focus on southern New Jersey, the group realized a strong demand to expand the network in discussions with insurance agents and insurance carriers.
Source: Strategic Agency Partners
Topics Mergers & Acquisitions Agencies New Jersey Pennsylvania
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