Relation Insurance Inc. said Tuesday it has acquired Owings, Maryland-based Insurance Inc.
Terms of the transaction were not disclosed.
Insurance Inc. places commercial and personal lines insurance and employee benefits for policyholders throughout Maryland, Relation said in a statement. The agency has about 40 employees, according to its website.
Amir Krell and Tracy Sutton will continue to lead Insurance Inc. under Relation going forward, the statement said.
Relation is the 36th largest broker of U.S business according to the most recent Business Insurance rankings.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.