Posted on 23 Jan 2012
Consolidated Insurance Agents LLC announced their affiliation with Bogle Agency Insurance and Merwin & Paolazzi Insurance Agency, both of Lyndhurst, NJ, as equity partners. Coupled with over a dozen producing agencies, Consolidated Insurance Agents LLC is the Garden State’s fastest growing network of independent insurance agencies.
“We are thrilled to add these prestigious agencies to the ranks of Consolidated. Their decades of industry experience and strong carrier relations complement our current offerings and add over $35M of premium volume,” said John K. Tiene, Consolidated CEO.
Philip R. Bogle, President of Bogle Agency Insurance, a fourth-generation agency, commented, “I’ve been watching the development of agency networks over the years, and we feel strongly that Consolidated Insurance Agents is the right alliance for us.”
“The retail insurance market is changing and it is more difficult than ever to increase profits. Joining Consolidated will ensure our ability to compete and grow effectively over the next 15 to 20 years,” said Michael Merwin, president of Merwin & Paolazzi Insurance Agency. Consolidated, a New Jersey-based network of independent insurance agencies was formed by the Pavese-McCormick Insurance Agency of Monmouth Junction, NJ and the Valvano Insurance Agency of Linden, NJ in 2010. They were soon joined by United Assurance of Fair Lawn, NJ. Today, the member agencies of Consolidated Insurance Agents LLC control over$150 million in premiums and provide direct markets for nineteen independently-owned
Member agencies benefit through direct access to standard markets without large volume
commitments that provide agents higher retention and new business sales opportunities as well as aggregation of premiums. In addition, they provide their members access to a wide variety of additional products and services agencies need to compete and survive in the current marketplace.
CIA is currently accepting applications from like-minded agents for equity and producing partner opportunities.
To learn more about the program the CIA website address is: www.consolidatedinsurancenj.com or the Bogle Agency at www.bogleagency.com