A merger announced in September between two South Fork companies that both broker insurance was finalized at the end of November, according to the newly formed Cook Maran & Associates.
Maran Corporate Risk Associates, based in Southampton Village with a Fairlawn, N.J., office, and , which has offices in East Hampton, Melville and in Voorhees, N.J., are now one 150-employee firm. Cook Maran & Associates stated that, combined, they rank as one of the top privately held insurance brokerages in the region, with nearly 13,000 commercial insurance, personal insurance and financial service customers.
In a statement from Cook Maran & Associates, President and CEO Len Scioscia is quoted as saying, "Combining the resources of both organizations will enable us to provide clients with more of what seek from their insurance broker — more products and services, more points of access and more leverage with leading carriers."
Scioscia said the merged companies will build on each other's strengths. Steve Maietta, the executive director of commercial operations, agreed, saying Cook Maran & Associates will quickly advance their goal of providing the the best risk management solutions and highest quality service.
“The Cook Maran team consists of talented insurance professionals who deliver innovative insurance risk management strategies,” Maietta said.
Maran Corporate Risk Associates was wholly employee-owned, and Cook, Hall & Hyde was 30 percent employee-owned.