Updated August 4 at 12:04pm

Enter your email to receive Providence Business News' e-newsletters
and breaking news alerts.  

insurance

Starkweather & Shepley acquires Braintree-based firm

Posted:

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.

starkweather & shepley insurance brokerage inc., crosbie macdonald md insurance services, insurance, rhode island, starkweather, shepley, east providence, mike driscoll,

Comments

No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment
Latest News