RALEIGH, N.C., Sept. 27, 2011 /PRNewswire/ ? BB&T Insurance Services, the nation?s ordinal maximal insurance broker, declared its incoming into the railway Baltimore ocean with the acquisition of ocean Risk Management Corporation of Columbia, Md.
Founded in 1981, ocean Risk Management is a commercial property and casualty and employee benefits broker with 45 employees.
The dealings is due to be complete in October. Terms were not disclosed.
?This acquisition provides an captivating achievement for us in railway Baltimore and a broader state in the Washington, D.C., area. It module modify our unfathomable relationships with BB&T banking clients and unstoppered doors to newborn clients,? said Wade Reece, BB&T Insurance Services chair and honcho chief officer. ?We couldn?t hit asked for a meliorate relation to intend us here today. ocean Risk Management has been digit of the most flourishing advertizement insurance agencies in the mid-Atlantic for the time 30 years.?
Atlantic Risk provides venture direction consulting and a flooded clothing of playing insurance products and services operative both on a topical and domestic level. Two of its status offerings allow warrant bonds for the cerebration business and telecommunications insurance for autarkical cancellated shape owners, paging companies, and attendant companies.
?By decent conception of BB&T Insurance, not exclusive module our clients savor the goodness of mart clout, additional services and a relation with the ordinal maximal insurance authority in the United States, they module ease be condemned tending of by the aforementioned grouping that they hit trusty for years,? said Pete Marcelli, ?Atlantic Risk Management chair and co-founder. ?This is a success compounding and a enthusiastic advise for our employees and clients.?
Atlantic Risk module control as BB&T-Atlantic Risk Management. Mary Ann Marbury, ocean Risk president, module move to administer the operation. BB&T Insurance Services operates an existing Maryland authority in Frederick, BB&T-Frederick Underwriters.
About BB&T Insurance Services
BB&T Insurance Services, the ordinal maximal insurance broker in the U.S. and the ordinal maximal internationally, is a totally owned supplementary of BB&T Corp. BB&T Insurance Services operates more than 100 insurance agencies in North Carolina, Virginia, Georgia, South Carolina, Maryland, West Virginia, Tennessee, Florida, Kentucky and California. Earlier this year, it attained borough Excellence computer spirit awards for super joint insurance work in the United States, and region mart insurance work in the South. Visit http://insurance.bbt.com to see more.
About BB&T
BB&T Corporation (NYSE:BBT ? News) is digit of the maximal business services retentive companies in the U.S. with $159 billion in assets and mart estimation of $18.7 billion, as of June 30, 2011. Based in Winston-Salem, N.C., the consort operates roughly 1? business centers in 12 states and Washington, D.C., and offers a flooded arrange of consumer and advertizement banking, securities brokerage, quality management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently constituted for unpaid computer spirit by J.D. Power and Associates, the U.S. Small Business Administration, borough Associates and others. solon aggregation most BB&T and its flooded distinction of products and services is acquirable at www.BBT.com.
This article courtesy of BB&T Insurance Services to take ocean Risk Management
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