Pennsylvania-based Element Risk Management has acquired two Pennsylvania insurance agencies and another in Virginia,
The Pennsylvania agencies are W.S. Hoffman Insurance located in Phoenixville, and L&B Insurance and Financial Services, located in Collegeville. Element Risk also acquired Stoneburner-Carter Insurance, located in Front Royal, Virginia.
W.S. Hoffman Insurance Agency has been serving the five-county area surrounding Phoenixville for more than 50 years. The agency has been run for 25 years by Donald Diianni.
L&B Insurance and Financial Services was established by Jerry Lynam in 1994 and serves the Collegeville and surrounding areas.
Stoneburner-Carter Insurance was established in 1985 and is a three-generation family firm.
Terms were not disclosed.
Element Risk is an independent insurance agency with 17 locations across Pennsylvania, Virginia and Maryland.
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