Strategic Partnership Unites Two Insurance Powerhouses
In a move set to revolutionize the insurance landscape, Morristown, Tennessee-based Strate Insurance Group has merged with Main Street Insurance Group, a leading risk management, insurance, and employee benefits company. This union brings together two family-owned agencies with a shared commitment to exceptional service and technical expertise.
A Legacy of Trust and Excellence
Established in 1978 by Jack and Agnes Strate, along with Tom Strate, Strate Insurance has built a reputation for providing personalized service and expert guidance to both business and personal clients. In 2018, Katherine Strate Smith joined the organization, working closely with Tom Strate to shape the company’s future.
A Natural Progression
The merger marks a natural next step for both companies, given their long-standing relationship. Tom Strate emphasized the trust and confidence he has in the Flack family, founders of Main Street Insurance Group, saying, “We’ve had the pleasure of working together for over ten years. This merger is a positive progression that will benefit our clients and employees alike.”
New Opportunities and Growth
As a result of the merger, Smith will assume a new role as partner and owner at Main Street, while Tom Strate will continue to serve clients and pursue new business opportunities in an advisory capacity. The combined entity, operating under the name Strate Insurance Group, A Main Street Insurance Group Partner, will extend its services to business and personal clients in East Tennessee, focusing on key industries such as manufacturing, wholesale and distribution, healthcare, non-profit, and construction.
A Testament to Collaboration
Main Street president and partner Chad Flack praised the merger, stating, “This union demonstrates the strength of collaboration, as both organizations have evolved from small-town, family-owned agencies into one of the fastest-growing firms in the south-east.”
Seamless Transition
Throughout the transition period, existing policies and coverage will remain unchanged, and all employees will continue in their roles. Current customers will still work with the Morristown team, ensuring a seamless experience.
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