Maury, Donnelly & Parr, a Maryland-based broker and risk consultant that’s almost 150 years old, has acquired CANUSA Insurance Services in Sarasota, Florida.
The merger marks a continued expansion by MDP, which acquired Connecticut-based Northeastern Underwriters in 2021.
CANUSA is headed by Charles Hosie, who has 35 years’ experience in personal lines insurance. The office’s name and branding will remain the same, the companies said in a news release.
MDP was founded in 1875 as a marine insurer for businesses using the Port of Baltimore.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
AI-Native Network American Growth Insurance Makes Heller-Kowitz its First Buy 
Allstate Q2 Net Income Jumps 56% on Underwriting 
New AIG CEO Andersen Talks Marketplace ‘Pass-Throughs,’ Opportunity 
Plymouth Rock Launches ChatGPT for Home Insurance Quotes 
