Marshall & Sterling Insurance Acquires Mancino Insurance

MARCY, NY: Marshall & Sterling Insurance, the 38th largest independent insurance brokerage in the country*, today announced the acquisition of Marcy, NY- based Mancino Insurance Agency, expanding the company’s New York presence. The acquisition closed on July 1, 2023.

The Mancino Insurance Agency serves a broad range of personal and commercial lines clients and was founded in 1949. All four of the agency’s employees will become Marshall & Sterling employees and join the company’s Upstate division.

“We’re extremely excited to bring Mancino Insurance into the Marshall & Sterling fold, fueling more of our growth west of our Albany Capitol Region,” said Jim Dahoney, Marshall & Sterling Executive Vice President. “Their dedication to superior service and the team’s personalized approach to assessing client needs fits perfectly with the value we deliver at Marshall & Sterling.”

Marshall & Sterling is 100% employee-owned and has more than 35 offices in the U.S. and the U.S. Virgin Islands. The agency offers commercial property & casualty, employee benefits, risk management and loss control services, TPA services, HR administration, personal insurance, wealth management and financial planning.

“This is a great combination of client service philosophies,” said Bert Mancino, Mancino Insurance President. “Additionally, Marshall & Sterling has more advanced technology, and a great reputation for servicing customers and treating employees like family.”

Mancino added: “With Marshall & Sterling, our clients will have access to more insurance companies and risk mitigation options when seeking to protect their assets and enable growth, while at the same expanding our personal lines clients’ ability to protect and enjoy their prized possessions.

Founded in 1864, Marshall & Sterling Insurance has total annual written premiums in excess of $1 Billion. A 100% employee-owned company with more than 560 insurance specialists in New York, California, Michigan, Florida, Virginia and the U.S. Virgin Islands, Marshall & Sterling has been recognized for exceptional insurance services throughout the nation and remains closely tied to the communities it serves. The company is ranked among the top performers in the annual Best Practices Study conducted by the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) and Reagan Consulting.

*Source: Insurance Journal