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Relation enters New England market with agency buy


Private equity-backed Relation Insurance Inc. on Friday said it had acquired the assets of Santo Insurance & Financial Services Inc., an agency based in Salem, New Hampshire.

Terms of the deal were not disclosed.

Founded in 1993, Santo places commercial and personal lines coverages for businesses and individuals in New Hampshire, Vermont, Massachusetts and Maine.

Santo President Jamie Santo will lead Relation’s efforts to expand in the New England marketplace, Walnut Creek, California-based Relation said in a statement.

Santo has about 17 staff, according to its LinkedIn profile.

Relation, which was bought by Aquiline Capital Partners LLC in 2019, is the 37th-largest brokerage of U.S. business, according to Business Insurance’s most recent ranking.






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