Union Bay Acquisition, a new aggregator of insurance agencies agent based in Princeton, New Jersey, reports it has acquired Farrell Insurance Associates Inc. of Lansdale, Pennsylvania.
Terms were not disclosed.
Jerry Farrell, who founded Farrell Insurance Associates in 1996, has joined the board and the Farrell staff is now part of Union Bay Risk Advisors, a property/casualty insurance agency owned by Union Bay Acquisition.
Union Bay Acquisition is interested in acquiring other small insurance agencies in the Northeast and Midwest, according to Douglas M. Polley, chairman.
Was this article valuable?
Here are more articles you may enjoy.
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
World’s Growing Civil Unrest Has an Insurance Sting 
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
