CHICAGO–Renaissance, the premier network of independent insurance agencies, has acquired the agency network business of Consolidated Insurance Agents Inc. (CIA), an agency group based in Buffalo, N.Y.
The arrangement gives CIA’s 23 members – which collectively represent $47M in premium – the opportunity to leverage the same benefits that help Renaissance’s members improve their agency efficiency, drive revenue, and increase profitability.
Renaissance’s network benefits include expanded market access, placement services, technology and service resources for independent insurance agents looking to grow their business and maximize efficiency. Additionally, the acquisition bolsters both CIA members’ financial stability and carrier contract value in an increasingly competitive market environment.
“We’re thrilled to start the new year with CIA being part of our business expansion strategy, which we plan to continue well into 2025,” said Robert Bondi, Renaissance’s Chief Executive Officer. “Renaissance’s products and services are engineered to fuel the success of independent agencies, and we’re looking forward to being able to provide them to yet another group whose growth goals align with ours.”
“Since 1983, CIA’s mission has been to cultivate long-term relationships with our carriers based on honesty, trust, and profitability,” said CIA President Carl Maranto. “In Renaissance, we found a partner that not only embraces that same philosophy but also has the capability to deliver valuable resources to our members.”
Source: Renaissance
AgencyEquity statement on this article:
Some of the statements in this third party article may be forward-looking statements and perhaps even inaccurate statements. AgencyEquity or Strategic Agencies LLC does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements. Therefore, in no case whatsoever will AgencyEquity or Strategic Agencies LLC be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
