First Niagara Risk Management, the insurance subsidiary of First Niagara Financial Group, has acquired Pennsylvania-based firm Summit Insurance Group.
Summit Insurance provides risk management, employee benefits consulting and investment services.
The acquired businesses will adopt the First Niagara Risk Management brand, effective immediately.
Rennie Rodriguez and Kevin McAdams, who founded Summit Insurance Group in 1997, will assume leadership positions for First Niagara Risk Management in the Eastern Pennsylvania region.
With the acquisition of Summit Insurance Group in Pennsylvania, First Niagara Risk Management now has more than 350 employees and over 12 offices in two states.
First Niagara Risk Management CEO Joseph Teresi said, with the acquisition, the firm is moving forward with its strategic plan to build organization throughout its footprint.