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Cross Insurance Acquires Knapp Schenck & Co.

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An independent insurance based in Bangor, Maine, with more than 35 offices in the Northeast, , announced the purchase of Boston-based independent Knapp Schenck & Company.

Knapp Schenck & Company is a regional property/casualty retail agency providing insurance services to both commercial and personal clientele. The firm focuses on commercial and residential real estate ownership; management & development; construction; manufacturing; distributors & wholesalers of all types; non-profits; municipalities; and private schools. Founded in 1921, Knapp Schenck & Company is based in Boston’s financial district, with a branch office in Braintree.

Under terms of the acquisition, Knapp Schenck & Company will retain its name and continue to operate with the same staff and leadership from Boston and Braintree offices.

Founded in 1954, is an independent insurance agency with 700 in more than 35 offices, serving 100,000 throughout the Northeast region. Family-owned and operated, , a subsidiary of Cross Financial Corporation, provides insurance and financial products including personal and commercial insurance lines, employee benefits, surety bonds, risk management advice and counsel, and products focused on higher education and high net worth needs.

 

 

 

Source: insurancejournal

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