US insurance coverage brokerage Trucordia has acquired Paradiso Monetary and Insurance coverage Companies, a Connecticut-based brokerage that serves shoppers throughout the New England area.
No monetary phrases have been disclosed.
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Paradiso is headquartered in Stafford Springs, Connecticut, and gives private and industrial insurance coverage merchandise together with auto, house, life, enterprise, and specialty strains.
Based on the announcement, Paradiso will proceed to function with its current values and group focus.
The brokerage makes use of a client-first service mannequin referred to as its “Paradiso Promise”, which is meant to simplify insurance coverage decision-making for households, people, and enterprise house owners.
Trucordia Felix Morgan CEO stated: “We’re thrilled to have Paradiso be part of us. They perceive what issues to shoppers and again it up with stable provider partnerships, a concentrate on expertise, and glorious shopper service. What they’re doing regionally is precisely how we see the path of the trade going ahead.”
On account of the acquisition, Paradiso’s employees and shoppers may have entry to Trucordia’s wider provider relationships, shared sources, and nationwide operational assist.
In current months, Trucordia has expanded in a number of areas via acquisitions.
Final month, the corporate acquired the property of JJL&W Insurance coverage Consulting, an worker advantages dealer in Baton Rouge, Louisiana, US.
JJL&W was based in 2020 by Jeff Joffrion, Troy Jones, Mitch Lansing and Jeff Wampold.
The enterprise advises employers of varied sizes and particular person shoppers on worker advantages together with dental, incapacity, life, medical, imaginative and prescient and voluntary cowl.
In December final yr, Trucordia additionally acquired World Monetary & Insurance coverage Companies, an insurance coverage and monetary companies supplier based mostly in Texas, US.
World Monetary & Insurance coverage Companies has operations in Dallas, Houston, Fort Value and Los Angeles, and serves shoppers throughout all 50 US states.
