Patriot Development, FBinsure swoop for Rhode Island businesses

Patriot Development Insurance coverage Companies and FBinsure, an impartial company in partnership with Patriot, have introduced that they’ve acquired Rhode Island-based Maggiacomo Insurance coverage, Hanuschak Insurance coverage, and Gilmartin Insurance coverage.

The offers deliver FBinsure’s whole acquisitions to 17 since 2008 and broaden its footprint into Rhode Island. It additionally strengthens Patriot’s property-casualty insurance coverage capabilities in New England.

Windfall-headquartered Maggiacomo Insurance coverage was based within the early Thirties and is now led by third-generation proprietor Tom Maggiacomo, Patriot mentioned in a information launch. Warwick-based Gilmartin Insurance coverage was based in 1960 by Joseph Gilmartin Jr. and has been led by Joseph Gilmartin III since 1995. Hanuschak Insurance coverage in Cumberland was launched in 1954 and is at present beneath the management of Dave Hanuschak.

Collectively the Rhode Island Insurance coverage Group, the three businesses serve greater than 4,000 purchasers.

“We’re excited to have the Maggiacomo, Hanuschak and Gilmartin insurance coverage businesses be a part of the FBinsure group,” mentioned Nicole Martin, president of FBinsure. “We’ve been searching for the correct companions in Rhode Island for a number of years, and this group of like-minded businesses shares our strategy to client-focused service and an appreciation for the Patriot mannequin.

“Becoming a member of FBinsure, alongside the group at Patriot, displays a need to propel their businesses ahead whereas sustaining relationships and delivering extra to their purchasers. I’m assured this choice will strengthen our company and our presence throughout Southern New England.”

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