Keystone Insurers Group (Keystone), the fourth largest insurance agency network, today announced it has entered into definitive agreement to merge New Jersey Agents Alliance (NJAA) into its nationally ranked network. While the terms of the transaction were not disclosed, Keystone has confirmed NJAA’s 22 members unanimously approved the agreement and Bob Mazey has accepted a position on Keystone’s Executive Leadership Team. Keystone President & CEO David E. Boedker, Sr. and NJAA Founder and President Bob Mazey made the announcement.
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“The decision to make this move was designed to secure our members long-term position in the marketplace for generations to come,” Mazey remarked. “The culture of our two organizations could not be more aligned, with an unwavering commitment to the continued prosperity of the independent agent model. Keystone’s world class platform provides unique advantages that help agencies realize greater success while remaining independently owned and operated.”
As merger and acquisition activity continues to reshape the insurance distribution landscape, it is essential for agencies that wish to remain independently owned, align themselves with a nationally recognized organization that delivers much more than premium aggregation.
“The changes in our industry have made it more challenging for independent agencies to remain competitive and serve their communities,” added Boedker. “Keystone was founded by independent agents on the principle of strengthening their businesses together. That mission has not changed in our almost 40 years of business. This venture is a testament to the commitment and passion of both Keystone and NJAA. We’re excited to welcome Bob and the NJAA agencies to our network and look forward to demonstrating just how independence works better together.”
About Keystone Insurers Group (Keystone) -- Keystone started in 1983 when four independent insurance agencies teamed up to pool their experience and expertise. This small group believed that agencies could be stronger and more successful if they linked arms -- a passion and spirit that continues. Growing to almost 300 independent agency partners in 18 states, Keystone provides its agents with a community of like-minded agencies, industry expertise and access to specialized products for their clients. Keystone is ranked number four on Insurance Journal's 2021 list of Top 20 Property/Casualty Agency Partnerships. For more information, go to www.keystoneinsgrp.com.
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Contacts
Beth Bedisky
(570) 473-2828
bbedisky@keystoneinsgrp.com
