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Jun 17
2009

New York State Agency Deal

Posted by Dan Doran in Insurance MA

Two New York state independent agencies recently announced a transaction.  The Riverfront Agency was recently acquired by Frank H. Reis, Inc.  Riverfront is a P&C shop with approximately $5m in premiums.  

Interestingly, this deal is the first P&C deal in New York state that we've seen in some time - but probably falls in line with the significant uptick in insurance M&A activity during the second quarter in general.