November 15, 2017
Wholesale insurance broker Boston Insurance Brokerage acquires Protx Risk Management LLC
BOSTON, MA, November 15, 2017: Boston Insurance Brokerage, a wholesale specialty insurance agency based in Boston, Massachusetts, is pleased to announce the acquisition of the business of senior living insurance specialist Protx Risk Management LLC of Princeton, New Jersey.
Gordon Bewick, CEO of Boston Insurance Brokerage, stated that, “We are pleased to be joining forces with Protx Risk Management, which is an expert in professional liability insurance for senior living facilities. Adding the Protx expertise to our portfolio of specialty wholesale insurance solutions will be valuable to the thousands of agents who use Boston Insurance’s placement services.”
Robert L. Hitch, Chairman of Protx Risk Management, stated that, “All of us at Protx are excited to have Boston Insurance Brokerage as a dynamic and growing partner. We know that our clients will continue to be well served by the combined BIB/Protx team, and we believe that together we will build the combined company to be the go-to expert in all of our fields of specialization.”
As part of the transaction, Boston Insurance Brokers Inc. will rename itself Boston Insurance Brokers LLC and will receive an investment from Princeton Risk Partners LLC of Princeton, New Jersey.
Boston Insurance Brokers LLC offers specialized tailored insurance solutions for insurance agents nationwide. More information on Boston Insurance Brokers LLC can be found at www.bostonbrokerage.com. More information on Princeton Risk Partners LLC is available at www.princetonrisk.com.