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Insurance & Financial Services
Marathon Financial Advisors merges with Koenig & Selzer
DeWITT, N.Y. — Marathon Financial Advisors, Inc. has recently merged with Koenig & Selzer Asset Management Group. Marathon Financial didn’t release any financial terms in a news release announcing the deal. Marathon Financial Advisors operates at 6316 Fly Road in DeWitt. The Koenig & Selzer firm previously was located at 134 Stanwood Lane in Manlius, […]
Columbian Financial Group promotes Fosbury to president
BINGHAMTON, N.Y. — Columbian Financial Group announced it has promoted Michael Fosbury to president, effective on Jan. 1. Fosbury will assume the president’s role from Thomas Rattmann, who remains Columbian Financial’s chairman & CEO. Besides the promotion, Fosbury has also been elected to Columbian’s board of directors, according to a news release the company issued
Haylor, Freyer & Coon CEO joins Cazenovia College Board of Trustees
CAZENOVIA, N.Y. — James D. Freyer, Jr., CEO of insurance agency Haylor, Freyer & Coon, Inc., has joined Cazenovia College’s Board of Trustees. In this
Strategic Financial tops $1B in assets under management
UTICA — In 2013, Alan R. Leist, III told this reporter, “Our goal is to hit $1 billion in assets within two years. Mission accomplished, says the managing partner and a principal at Strategic Financial Services, Inc. headquartered in Utica. On Oct. 29 of this year, Strategic Financial’s assets under management (AUM) hit $1.03
Eastern Shore Associates Insurance expands its Fulton headquarters office
FULTON — Eastern Shore Associates Insurance (ESA) recently added 2,500 square feet of office space to its headquarters in Fulton. The new space at 100 Cayuga St. adds to the firm’s current offices at 101 and 102 Cayuga St. ESA — which works with more than 30 insurance carriers to offer personal, commercial, public
UnitedHealthcare warns it may stop offering insurance on Obamacare exchanges
UnitedHealth Group (NYSE: UNH) — parent company of UnitedHealthcare, the nation’s largest health insurer — today warned it may stop selling its individual insurance plans
Bailey Place Insurance acquires Dryden’s Cotterill Agency and building
DRYDEN — Stephen Franco, president of Cortland–based Bailey Place Insurance, describes his firm and Cotterill Agency, Inc. of Dryden as “old, long-standing agencies” in the Tompkins County community. “I had been talking to [agency principals] Doug and Brad Cotterill for a couple of years. We were very interested in doing something with them,” says
Health Republic Insurance to close at year’s end; impact on POMCO not known
SYRACUSE — Health Republic Insurance of New York (HRINY) will no longer offer individual and small-group health-insurance plans in 2016. HRINY is a consumer operated and oriented plan (CO-OP). CO-OPs are private, member-governed health-insurance companies that formed nationwide as part of the Affordable Care Act, or Obamacare. The CO-OP had hired POMCO Group, a Syracuse–based
POMCO cuts about 50 jobs in Health Republic business unit
SYRACUSE, N.Y. — POMCO Group announced it has cut approximately 50 positions in a business unit the firm created under a contract with Health Republic
Bailey Place Insurance to acquire Cotterill Agency
DRYDEN, N.Y. — Bailey Place Insurance of Cortland has announced it will acquire the Cotterill Agency Inc. of Dryden, effective Dec. 31. No financial terms
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