People's United Insurance Agency (PUIA), a subsidiary of People's United Bank, has acquired Connecticut-based insurance brokerage firm Kesten-Brown Insurance, for an undisclosed sum.
Established in 2000, Kesten-Brown provides insurance services to contractors, manufacturers, non-profit organizations, and real estate development risks in the northeastern US.
With around 155 professionals, the firm offers personal insurance, employee benefits and commercial insurance for individuals and businesses.
PUIA president and CEO Dan Casey said: "This addition provides us with an opportunity to expand the range of products and services we offer, attracting new clients and providing our existing clients with an even broader array of options for their insurance and risk management needs."
Based in Hartford, Connecticut, PUIA provides personal insurance and business insurance services. It also offers group insurance and employee benefit plans, risk control services and specialized programmes for its customers.
People’s United Bank, a subsidiary of People’s United Financial, provides financial services and has $37bn worth assets.
Kesten-Brown Insurance principal Robert Keston said: "We’re very excited to be joining PUIA, as its depth, resources and outstanding customer service will bring additional products and service to our clients and prospects.
"Additionally, the stability and culture of PUIA allows all of us at Kesten-Brown the opportunity for personal growth and success."