By Rhonda Miller
PBN Staff Writer
EAST PROVIDENCE – Starkweather & Shepley Insurance Brokerage Inc. has moved up four spots on Business Insurance Magazine’s Top 100 List of Insurance Brokerages in the United States, according to a press release. The publication, which is a trade magazine for the commercial insurance industry, ranks U.S. insurance brokerages based on revenues.
“Between our organic growth, acquisitions and solid retention of our business, we were able to move from 75th on the Top 100 List this year to 71st in the United States,” said Starkweather & Shepley President and CEO Ned Calamis.
“The firm’s numbers increased 8.3 percent from last year,” Calamis said. “We look forward to another strong year as we…expand our headquarters in East Providence.”
Last year Starkweather & Shepley acquired its first firm in Connecticut, along with other acquisitions specializing in surety bonding. This year, the first acquired Insurance Professionals of New England, Inc. of Strubridge, Mass, which has expertise in health and social service agencies and nonprofits.