insurance

Starkweather & Shepley acquires Braintree-based firm

IN ITS FIFTH ACQUISITION in the past two years, Starkweather & Shepley Insurance Brokerage Inc. has acquired Braintree, Mass.-based medical malpractice insurance specialists Crosbie-Macdonald MD Insurance Services.
Posted 4/12/13

EAST PROVIDENCE – Starkweather & Shepley Insurance Brokerage Inc., Rhode Island’s largest independent insurance agency, has acquired Braintree, Mass.-based Crosbie-Macdonald MD Insurance Services, Starkweather & Shepley announced Friday.

“We are excited to have Mike Driscoll, a true professional in the medical malpractice field, and his staff at Crosbie-Macdonald join our organization,” Nat Calamis, president and CEO of Starkweather & Shepley, said in a statement. “This acquisition will fit in well with our long-term strategic plan in forming another practice group.”

This marks Starkweather & Shepley’s fifth acquisition in the past two years and their first of 2013. In 2012, Starkweather acquired Bryne Bonding Insurance, Insurance Professionals of New England and the Connecticut-based Fradette Carlson and Ned Miller Agencies.

This latest acquisition adds “another niche and specialty market” to Starkweather’s offerings, the insurance brokerage firm said in a statement.

Crosbie-Macdonald has been a leading provider of insurance services in the medical community since 1910 and was the first agency to provide medical malpractice insurance, according to a release.

“We have maintained a position as one of the premier sources for medical professional liability and other insurance products needed by the medical community,” Michael B. Driscoll, president of Crosbie-MacDonald, said in a statement.

“By joining Starkweather & Shepley, we will to continue to provide superior service and a wider choice of products to both our medical and non-medical clients. We look forward to making our second century as successful as our first,” added Driscoll.

Financial terms of the deal were not disclosed.

Calendar
PBN Hosted
Events

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot early!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement