Batoff Associates, P.a. advised Maury, Donnelly & Parr, a Maryland-based broker and risk consultant that’s almost 150 years old, in connection with its acquisition of CANUSA Insurance Services in Sarasota, Florida.
On May 5, 2023, MDP announces that it signed a definitive agreement to acquire Canusa. The acuisition marks a continued expansion by MDP, which acquired Connecticut-based Northeastern Underwriters in 2021.
CANUSA is headed by Charles Hosie, who has 35 years’ experience in personal lines insurance. The office’s name and branding will remain the same, the companies said in a news release.
MDP was founded in 1875 as a marine insurer for businesses using the Port of Baltimore.
The Batoff Associates team was led by principal Justin Batoff.
The full press release can be found here
Leave a Comment