Starkweather acquires Smithfield-based firm

EAST PROVIDENCE – Starkweather & Shepley Insurance Brokerage Inc. announced last month that it has acquired Universal Insurance Agency, a Smithfield-based firm. Terms of the transaction were not disclosed.
Under the transaction, Universal Insurance Agency will merge its operation into Starkweather & Shepley’s East Providence office. Larry Signore, president of Universal Insurance Agency who founded the agency in 1981, will bring all of his clients to the new location.
According to a news release, Universal Insurance Agency provides personal and commercial insurance to a wide range of classes such as environmental, manufacturing, commercial real estate and development, construction and construction management and high-tech firms.
Starkweather & Shepley Chairman and Chief Financial Officer William McGillivray said in the release that the transaction further expands the firm’s Rhode Island footprint. •

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