Both agencies are based in New Hampshire
The Masiello Insurance Agency of Keene, NH has merged with Optisure Risk Partners of Manchester, NH. According to the terms of the transaction, Masiello Insurance will retain the same management going forward led by President Donna Croteau. Ms. Croteau will be working in collaboration with the Optisure leadership team and will report directly to Optisure CEO Peter R. Milnes, CPCU, CIC.
“For decades, Masiello Insurance Agency has been recognized as a premier provider of insurance. Considered one of the top agencies in New Hampshire, Donna and her team bring significant talent to our organization,” noted Optisure CEO Milnes in commenting on his company’s latest acquisition. “We are delighted to welcome them as we broaden our footprint throughout the state.”
The Masiello family, who have owned and operated the Masiello Insurance agency for over 50 years, will continue to retain an ownership interest in the organization. As for Masiello Real Estate, Better Homes and Gardens, its relationship with Masiello Insurance Agency also will continue uninterrupted as the entity has entered into a long-term agreement with Optisure, that will see the company continue to offer insurance services to its real estate clients in its 34 offices in four different states.
Optisure will become a member of SAN
For its part, Optisure has announced that it will join the Masiello Insurance agency as a member of the Satellite Agency Network Group, Inc., better known as the SAN Group. SAN, an agency alliance also owned by the Masiello, is considered the largest network of insurance agencies in the Northeast. SAN also is the founding member of SIAA, Inc., the largest alliance of insurance agencies in the United States.
Masiello owners Chris and Matt Masiello released a statement declaring, “We are excited to bring the talents and resources of Optisure to the Masiello Insurance team and to our clients in the Monadnock region and across northern New England. We view this affiliation as a momentous next step for Masiello Insurance. We are equally excited to be entering into long term business relationships among Optisure, Masiello Insurance Agency, Masiello Real Estate and Satellite Agency Network Group, Inc.”
More about Optisure Risk Partners
Founded in 2015, Optisure is a provider of risk management and insurance solutions with over $175 million of insurance premiums placed nationally by 70+ employees and 10 locations in 6 states. Optisure’s regional agencies provide the resources and expertise of a national firm, while operating locally with global capabilities, and can address the full spectrum of risk management, employee benefits, and property-casualty insurance needs of consumers and businesses.