AssuredPartners, through its subsidiary Assured SKCG, has acquired CBS Coverage Group, headquartered in Plainview, N.Y.
The agency specializes in commercial insurance, employee benefits and financial planning services, and personal insurance. CBS Coverage Group reports revenues of approximately $12 million.
Founded in 1947, CBS Coverage Group has locations in Plainview, New York City and Westhampton Beach, N.Y., and in Summerville, S.C. As part of the acquisition, 68 CBS Coverage Group employees will join Assured SKCG. Local operations will continue under the leadership of CBS Coverage Group CEO Gerry Levy.
"At CBS Coverage Group, our goal is to establish trusted relationships with each client through excellent service, counseling, and by designing comprehensive and competitive insurance programs," said Gerry Levy, CEO of CBS Coverage Group. "As part of Assured SKCG, our agents will leverage exciting new tools and resources to build on our trusted client relationships."
"CBS Coverage Group is an insurance industry leader, with long history of success. Assured SKCG will benefit from the expertise of CBS Coverage Group’s talented and passionate staff," said Tom Kozera, Chairman and Chief Executive Officer of Assured SKCG. "We welcome the CBS Coverage Group team and clients to Assured SKCG."
"The CBS Coverage Group acquisition illustrates AssuredPartners’ commitment to growing our presence in the Northeast," said Tom Riley, President and COO of AssuredPartners, Inc. "We welcome CBS Coverage Group to the AssuredPartners family."