Renaissance Alliance Insurance Services acquires Peter M. Bakker Agency of Avon, CT
Strategic acquisition deepens Renaissance Alliance commitment to growing and strengthening the independent agency system
Renaissance Alliance Insurance Services, the premier independent insurance agency collaboration in New England, today announced the acquisition of the Peter M. Bakker Agency, Inc. of Avon, CT. The acquisition creates a CT-based hub for Renaissance Alliance, furthering its commitment to growing its member network and strengthening its service capabilities to independent agencies in New England and beyond.
President Bruce Cochrane states, "We could not be happier about this acquisition because the Bakker Agency is one of the most respected and prestigious independent insurance agencies in New England. We are honored and proud to continue the legacy of founder and chairman, Peter Bakker, a stalwart champion of independent agents throughout his long and distinguished career.”
Among the reasons for the acquisition, Cochrane cites the Bakker Agency's visionary leadership; excellent, seasoned bench of insurance professionals; long-standing sterling reputation; strong, balanced portfolio of personal and commercial clients; and excellent underwriting profitability. "Their values and ours are in alignment," adds Cochrane. “Our combined resources make us an even stronger regional powerhouse, squarely positioned to challenge the dynamics of an evolving market and strengthen our services to our personal and business clients.”
The Bakker Agency’s CEO and Chairman, Peter M. Bakker commented, “We have been searching for a partner who shares our belief and commitment to the independent agency system and the highest dedication to those values we have practiced for the past 44 years. I have known Bruce Cochrane for over fifteen years and am delighted to become a part of his outstanding organization. I look forward to working with Bruce and his group to continue to offer to independent agencies market and operating solutions to insure their viability and growth long into the future.”
The Bakker Agency will remain an independent agency under the Chairmanship of Renaissance Alliance president J. Bruce Cochrane. Peter M. Bakker, Sr. will be special assistant to the Chairman, and John T. Maschi will remain as President of the agency, reporting directly to Cochrane. The Bakker Agency will continue managing the New England Insurance Alliance (NEIA), a 15-member independent insurance alliance.