Rich history with a modern approach

CEO (OR EQUIVALENT):Natale P. Calamis,  president and CEO2014 REVENUE: $41.5 million2012 REVENUE: $36 millionREVENUE GROWTH: 15%
CEO (OR EQUIVALENT):Natale P. Calamis, president and CEO2014 REVENUE: $41.5 million2012 REVENUE: $36 millionREVENUE GROWTH: 15%

For Starkweather & Shepley Insurance Brokerage Inc., the last several years have been about fostering an organic method of growth.

The East Providence-headquartered provider of insurance products and services has systematically invested in mergers and acquisitions, formed a number of new practice groups, cultivated relationships with existing clients, and devoted capital to “newer and younger” personnel, according to President and CEO Natale P. Calamis.

“The biggest key is bringing in top-notch people to fuel growth,” he said. “That’s where we’ll be spending more money – that, along with technology.”

Founded in 1879 and serving more than one dozen insurance practice areas, Starkweather & Shepley employs 205 at 11 offices in Rhode Island, Connecticut, Massachusetts and Fort Myers, Fla. Following a strategic path, the company raised it revenue 15 percent from 2012 to 2014, to $41.5 million from $36 million. The goal is to continue with that growth, ultimately reaching $50 million by the end of 2016, Calamis said, adding, “we’re on track to do it.”

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The 136-year-old company long has had its sights on becoming a good-sized regional player, Calamis said of recent expansion beyond Rhode Island’s borders. Still, that doesn’t mean it has any intention of pulling up stakes from its flagship state.

“Rhode Island is our base, our anchor, and it always will be,” said Calamis. •

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