ESSEX, Conn., Aug. 24, 2021 /PRNewswire-PRWeb/ -- The Magnolia Agency is excited to announce the launch of their new independent insurance agency which offers commercial and personal lines along with member owned group captives. Co-founded by longtime friends and industry veterans Rich Varrato and Louis Gold CPCU, CLCS, Magnolia is looking to change how Connecticut residents view their relationship with insurance.
"There is a booming trend of mergers and acquisitions in the insurance agency industry that is creating an epidemic failure to put the client first," said Louis Gould, Partner and Co-Founder at The Magnolia Agency. "We created The Magnolia Agency to bring back the personal touch and remove the commoditized stigma of insurance. We want to be seen as a trusted advisor to local businesses and ensure the things they care about most are properly protected."
Magnolia is an independent agency with in-depth knowledge of multiple insurance products, companies, and guidelines. They offer Personal and Commercial Insurances with a specialty in Construction, Healthcare, Transportation, and Environmental risk along with a wide offering of life, disability, and surety products. Magnolia is also extremely passionate about placing their larger clients in Member-Owned Group Captives which has served as a differentiator to right fit clients. "Captives enable our clients to get up to 60% of paid premiums back in the form of dividends. We think that's a game-changer in today's tumultuous insurance market," said Partner and Co-Founder Rich Varrato.
Magnolia strives to offer full transparency about their process and how they present clients to the marketplace, a step most agencies skip. This differentiator builds strong relationships with their clients and allows them to become trusted advisors to their clients.
"The opportunity to open this agency in Essex with Lou was something too good to pass up," said Partner and Co-Founder Rich Varrato. "Not only is he among the most respected insurance professionals in our industry but he also happens to be one of my best friends."
Varrato goes on to say, "As an independent agency, we see our ability to move quickly and autonomously to provide the best possible service and insurance products to our clients as a huge advantage over the national firms who continually put themselves before their clients and employees."
ABOUT THE MAGNOLIA AGENCY
The Magnolia Agency is an independent insurance agency that provides a consultative approach to managing risk in your business or home with their commercial and personal lines and member owned group captives. For more information on Magnolia go to http://www.magnoliainsagency.com
Media Contact
Anne Laffin, Fin Marketing Management, +1 2038681470, [email protected]
SOURCE The Magnolia Agency
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