Shand Morahan & Co. Inc., a Markel Corp., reports it has acquired Cambridge Alliance, a Burlington, Vermont managing general agency that specializes in errors and omissions insurance for registered investment advisors and financial planners.
Mike Rozenberg, Shand Morahan president and chief operating officer, said the move is intended to complement his firm’s established focus on professional liability and expand its offering in the financial services arena.
Cambridge Alliance will place business with the Markel’s Evanston Insurance Co. in all states except Illinois and New Hampshire, where business will be placed with the Essex Insurance Co.. Both companies enjoy the Markel Corp.’s “A XIII” (Excellent) group rating by AM Best.
Source: Shand Morahan & Co.
www.markelcorp.com
Topics Mergers & Acquisitions
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