Renaissance, a premier network of independent insurance agencies, announced it has acquired the agency network business of Consolidated Insurance Agents (CIA), an agency group based in Buffalo, N.Y. And the arrangement gives CIA’s 23 members – collectively representing $47 million in premium – the opportunity to utilize the benefits that help Renaissance’s members improve their agency efficiency, drive revenue, and increase profitability.
Renaissance’s network benefits include expanded market access, placement services, technology and service resources for independent insurance agents looking to grow their business and maximize efficiency. And the acquisition bolsters both CIA members’ financial stability and carrier contract value in an increasingly competitive market environment.
This deal heralds Renaissance’s further expansion into the Mid-Atlantic region and follows the network’s acquisitions of United Agents of Arizona, a Mesa-based agency group representing $170 million in premium, and Agency Partners Inc. (API), an agency cluster with members in Alabama and Georgia representing $160 million in premium.
KEY QUOTES:
“We’re thrilled to start the new year with CIA being part of our business expansion strategy, which we plan to continue well into 2025. Renaissance’s products and services are engineered to fuel the success of independent agencies, and we’re looking forward to being able to provide them to yet another group whose growth goals align with ours.”
– Robert Bondi, Renaissance’s Chief Executive Officer
“Since 1983, CIA’s mission has been to cultivate long-term relationships with our carriers based on honesty, trust, and profitability. In Renaissance, we found a partner that not only embraces that same philosophy but also has the capability to deliver valuable resources to our members.”
– CIA President Carl Maranto
