Cross Insurance, a subsidiary of Cross Financial Corp., and one of the largest independent insurance providers in the Northeast region, announces the acquisition of Maine Insurance Agency of Portland, Maine.
The acquisition of Maine Insurance Agency, a fifth-generation family-owned business, continues to broaden Cross Insurance’s service offerings and the agency’s ongoing strategic plans to expand Cross Insurance-Coastal Region.
Founded in 1905, Maine Insurance Agency, an independent Agency and recognized as a Trusted Choice Agency, has grown to provide insurance coverage options for thousands of individuals and businesses throughout Maine. The full-service Agency currently serves the personal and professional needs of individuals, families and business owners with insurance portfolios including home, auto, recreational products, commercial and small business packages.
“We are excited with the acquisition of Maine Insurance Agency, which serves as home to a talented team of professionals,” said Dave Messersmith, President of Cross Insurance-Coastal Region. “This unique strategic alliance of two Maine-based family-owned insurance agencies will be instrumental in providing additional sales and marketing capabilities as we continue to expand Cross’s coastal region reach.”
Maine Insurance Agency’s two offices in Portland and Gray, Maine, will subsequently be rebranded under the Cross Insurance name and all personnel affiliated with the agency, will be retained by Cross Insurance.
“We are proud to become part of Cross Insurance, a successful family-owned regional and northeast insurance agency that shares our core values,” said Jeff Steinman, President and CEO of Maine Insurance Agency. “For 117 years, our agency has worked to deliver the highest level of insurance professionalism and independent agent access to the marketplace. Under the Cross name, our agency’s clients and new client base can expect to receive a focused product-line and a commitment to personal service that have helped solidify our status as one of Maine’s successful independent insurance providers.”
Since its founding in 1954, Cross Insurance has grown extensively through the acquisition of more than 120 insurance agencies throughout the Northeast. The company now has 1,000 employees operating out of offices in Maine, New Hampshire, Vermont, Rhode Island, Massachusetts, Connecticut, New York, and Florida.
Cross Insurance has a proud tradition of serving clients, both large and small, with the honesty, fairness, and diligence they deserve.