Acquisition of Adirondack Regional Insurance Agency and Berger & Solomon Insurance
Marshall & Sterling Insurance, a 100% employee-owned company, announced today the acquisition of two new agencies: Adirondack Regional Insurance Agency, and Berger & Solomon Insurance, effective January 1, 2021. Founded in 1997, Adirondack serves insurance clientele from two offices located in Queensbury and Warrensburg, New York, providing both personal and commercial insurance coverage and services. Berger & Solomon, founded in 1946 by Louis Berger, serves insurance clientele from their office located in Ellenville, New York.
“We are very excited to join the Marshall & Sterling family”, commented Jeffrey D. Howard, President of Adirondack Regional Insurance Agency. “Being part of a much larger organization, we will now have increased capabilities such as additional insurance carriers represented, the ability to handle exposures in other states, in-house loss control services, employee benefits, and wealth management, just to name a few. Our dedicated Adirondack staff members will continue to serve the needs of our customers, as we have in years past, only now we will be part of a much larger team.”
Jonathan Berger, Principal of Berger & Solomon Insurance, shared similar sentiments - adding that "After a distinguished and dedicated career which has spanned more than 46 years, Robert Berger has retired from Berger & Solomon. My brother has not only served our insurance customers with exceptional care and expertise, and been a strong and guiding leader for our agency over the decades, but he has also been an active and engaged community volunteer and supporter for a host of civic and philanthropic causes - many of which he will continue to support in his retirement.”
With the acquisition of Adirondack and Berger & Solomon, Marshall & Sterling’s operations will now include 36 offices across five U.S. states and the U.S. Virgin Islands. The agency’s product offerings include commercial property & casualty, employee benefits, TPA services, HR administration, personal insurance, wealth management, financial planning, risk management and loss control services.
Eric Diamond, President of Marshall & Sterling, Inc. stated, “we are very pleased to have these two organizations join our growing team of insurance professionals. They are a perfect fit for our agency. As one of the top independent insurance agencies in the nation, Marshall & Sterling has the size and strength of a large national insurance agency, yet with the hometown feel and personalized care of a community-focused business.”
Founded in 1864, Marshall & Sterling Insurance is currently ranked 32nd among more than 40,000 privately-held insurance agencies in the United States*, with total annual written premiums in excess of $1billion. A 100% employee-owned company with more than 550 insurance specialists in 36 branch offices in New York, California, Michigan, Florida, Virginia and the U.S. Virgin Islands, Marshall & Sterling has been recognized for exceptional insurance services throughout the nation, and remains closely tied to the communities it serves. The company is ranked among the top performers in the annual Best Practices Study conducted by the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) and Reagan Consulting.
*Source: Insurance Journal