News | September 16, 2021

Patriot Growth Insurance Services Expands Property & Casualty Capabilities With Addition Of Exchange Insurance Agency

FORT WASHINGTON, PA.--(BUSINESS WIRE)--

Patriot Growth Insurance Services, LLC (“Patriot”), one of the country’s largest and fastest-growing national insurance agencies, today announced the addition of Exchange Insurance Agency (“Exchange Insurance” or “Exchange”) to the Patriot platform. The partnership with Exchange Insurance significantly bolsters Patriot’s existing property & casualty insurance capabilities and further supports the platform’s expansion within the New England marketplace.

Based in Boston, Massachusetts and led by industry veteran Doug Cameron, Exchange is a comprehensive independent insurance agency that specializes in both commercial and personal lines of insurance. The partnership with Patriot enables Exchange Insurance to expand its deep commitment its clients and history of offering unmatched service and solutions.

“At Exchange, we operate with a simple mantra: out our clients’ interests first, above all else,” said Mr. Cameron, President of Exchange. “Every customer is unique and so are their insurance needs - we handle each client with tact and care. We are elated to partner with Patriot and have already begun to leverage their deep resources and extensive client tool kit.”

Exchange Insurance will operate within Patriot’s FBinsure (“FB”) platform. FB is a large family-run, independent agency that offers a multitude of property & casualty insurance products to consumers and businesses throughout the Northeast. With deep resources and an engaged and energetic leadership team, the FB platform helps agencies in the New England region address clients’ complex risk issues and provide enhanced career opportunities to their associates. FBinsure joined Patriot in 2020 and has continued its growth trajectory as one of the largest and most dynamic insurance agencies in the New England marketplace.

“From the moment we met Doug and the team, we felt an instant connection,” said Russ Martorana, President of FBinsure. “We have no doubt that we can meaningfully accelerate Exchange’s already impressive growth. We feel fortunate to partner with such an experienced and dedicated team.”

“Patriot is building a powerhouse business in Massachusetts, and the addition of the Exchange team accelerates our progress along that path,” said Matt Gardner, Founder and CEO of Patriot. “We are humbled by the confidence that Doug has placed in us, and we welcome the entire Exchange team to the Patriot family as they continue on 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 37th largest insurance broker in the U.S. by Business Insurance. With 1,100 employees operating in 85 locations across 18 states, Patriot’s collaborative model delivers 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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