|
|
|
Webster: No. 1 in Insurance
|
Business New Haven
4/16/2001
By: BNH
|
WATERBURY - Through its Webster Insurance subsidiary, Webster Financial Corp. earlier this month acquired Wolff-Zackin & Associates Inc. and Benefit Plans Design & Administration Inc., both of Vernon. Terms were not disclosed.
“The addition of Wolff-Zackin and Benefit Plans provides Webster customers expanded insurance products and services, greater depth of risk-management expertise and the ability to negotiate the best coverage in the marketplace,'' said Peter K. Mulligan, senior executive vice president of Webster Bank. “Webster Insurance is now the largest Connecticut-based insurance agency, and we have greatly expanded our presence in the Hartford area.''
Founded in 1954, Wolff-Zackin & Associates is a multiple lines insurance business specializing in personal and corporate life insurance, personal and commercial property and casualty insurance and deferred compensation plans. Sister company Benefit Plans Design & Administration Inc. provides businesses with pension, profit-sharing, IRAs and 401(k) investment plans. The company also provides group life, disability income, medical and dental care plans for businesses.
These are Webster's fifth and sixth insurance agency acquisitions since 1998, when the company entered the insurance business through its acquisition of Damman Insurance Associates.
|
Go FirstGo PreviousGo
NextGo LastGo
to Index
|
|
