Broker acquires independent Connecticut agency

AssuredPartners Inc. on Wednesday said it has acquired Torrington, Connecticut-based independent insurance agency Founders Insurance Group Inc.

Terms of the deal were not disclosed.

Founders specializes in personal insurance, group health and life benefits, and business insurance. The agency also offers a number of niche programs for unique exposures, such as a custom restaurant and hospitality program, farming, agriculture and coverage for fuel oil dealers in Connecticut.

Founders’ leaders and staff will operate from their current Torrington and Lakeville, Connecticut, locations, according to an AssuredPartners statement.

“The leadership team and employees at Founders are dedicated insurance professionals. We look forward to the additional expertise and presence they’ll bring to the Connecticut and New England area” said AssuredPartners President and Chief Operating Officer Tom Riley.

Lake Mary, Florida-based AssuredPartners is the 13th-largest broker of U.S. business, according to Business Insurance’s latest ranking.