Patriot Significantly Expands Presence & Expertise Through Partnership With Massachusetts-Based FBinsure
Patriot Growth Insurance Services, LLC ("Patriot"), one of the country's largest and fastest-growing national insurance agencies, today announced that FBinsure ("FB") has joined the Patriot platform. The partnership with FBinsure meaningfully strengthens Patriot's existing property & casualty capabilities and expands the platform's geographic presence into the critical New England region.
FBinsure is a family-run, independent agency that offers a multitude of property & casualty insurance products throughout the Northeast. Headquartered in Taunton, MA, FB currently boasts more than 100 employees in ten locations throughout the state. FBinsure serves clients across a diverse range of industries, including construction, manufacturing, distribution, municipalities, non-profits, health services, financial institutions, and transportation. In its 70-year history, FB has built a strong reputation and brand throughout New England. FBinsure is led by an experienced and energetic leadership team that includes Russ Martorana (President and CEO of FBinsure), Tom Rogers (Chief Growth Officer), Mark Cuddy (Principal, EVP), Nicole Martorana (Chief Operations Officer), and Greg Arnold (Chief Financial Officer). Russ has been in the insurance business for more than 40 years, first joining the agency in 1979 and serving as President since 1995.
"At FBinsure, we are focused on continual improvement of our products and services to exceed our clients' needs, and we are committed to developing innovative strategies to address the risks that drive insurance costs," said Mr. Martorana. "We are thrilled to have found a growth-oriented partner in Patriot, and we look forward to leveraging the platform's national network and resources to deliver even more comprehensive products to our clients. Our partnership with Patriot will not only better serve our clients but will provide meaningful career development opportunities for our team as well."
"Patriot represents everything we were looking for in a partner," said Mr. Rogers. "Through this process, we have had the opportunity to meet and really get to know Patriot's leadership team and their partners across the country. Very quickly, it became clear that Patriot's approach and mindset completely aligns with FBinsure's core values. We are beyond thrilled to join the Patriot family."
A strong and youthful leadership team has transformed FB into one of the largest independent insurance agencies in New England. In 2019, FBinsure was recognized as the 15th largest insurance broker in Massachusetts by the Boston Business Journal. In addition to personal and business lines of insurance, FBinsure offers a variety of employee benefits and risk management services to support local, regional, and national businesses. FB's benefits advisors have experience tailoring custom benefits solutions to any size business in Massachusetts, Rhode Island and beyond. The agency's risk advisory services include FB Cyber Defense, a four-phase process that provides business decision makers better insight into their team, technology and data security risks; FB Comp Advisors, a program run by a team of experts, highly trained to understand the intricacies of workers' compensation and how they impact businesses' profitability; and FB Risk Advisors, a service that helps businesses prevent, mitigate, transfer and assume risks before counting on their insurance policies to finance them.
"Our partnership with FBinsure is the culmination of a two-year search to find the right team to serve as Patriot's foundation in the critical New England marketplace," said Matt Gardner, Founder and CEO of Patriot. "We are proud to welcome this great group of professionals into the Patriot community, and we look forward to providing Russ, Tom and the entire FBinsure team the capital and resources needed to accelerate their growth journey."
About Patriot Growth Insurance Services
Founded in 2019, Patriot is a growth-focused national insurance services firm that partners with employee benefits and property & casualty agencies across the United States. In its first year of operation, Patriot was ranked the 53rd largest insurance broker in the U.S. by Business Insurance. With over 800 employees operating in 70 locations across 18 states, Patriot's collaborative model delivers growth capital, resources and strategic support to its agencies, whose leaders continue to operate with a high degree of autonomy in their local markets. Patriot's unique equity model creates true alignment with its partner agencies, and its operating philosophy fosters enhanced career opportunities for its dedicated and professional team. Patriot is backed by growth equity investor Summit Partners. For more information, please visit www.patriotgis.com.
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