Red Bank, NJ (PRWEB) September 06, 2011
Hudson Shore Group, Inc., an insurance brokerage and consulting company dedicated to serving businesses in the NY/NJ/CT tri-state area, finalized a deal to acquire the property and casualty assets of the Connor Group. The acquisition will double Hudson Shore’s commercial insurance practice while it creates a robust new personal lines division. The combined resources will give the Hudson Shore Group a more dominant presence in the Northeast US. The additional staff and support will strengthen the core commercial insurance infrastructure with all of Connor’s employees remaining employed. Hudson Shore Group continues to maintain offices in Long Island, adding to its current New Jersey and Connecticut locations. As part of the acquisition, Connor Group and Hudson Shore Group will maintain an ongoing relationship for placement and service of Connor’s property casualty lines and other related business.
About Connor Group:
Connor Group Insurance Agency is a regional insurance brokerage specializing in group employee benefits. The agency’s presence is primarily in New York which targets middle market companies in the region as well as some companies throughout the United States. The bulk of Connor Group’s revenue comes from employee benefits brokerage while its strategy for growth will focus on expanding the wholesale annuity and life insurance through its affiliates Annuco and Insureco.
About Hudson Shore Group:
Hudson Shore Group is a regional insurance brokerage and consulting company which specializes in Group Employee Benefits, Commercial Insurance, and Specialty Program and Captive Development and Management. Hudson Shore is unique in its business strategy whereby it delivers big broker capabilities, service, and expertise to businesses of all sizes without discrimination and with traditional old world local service.
For more information about Hudson Shore Group, please visit http://www.hudsonshore.com.