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T. F. Ward acquires insurance agency's assets

T. F. Ward Insurance Agency Inc. acquired on Feb. 2 the assets of its cluster partner, Pine Insurance Agency Inc., Massachusetts' Agency Checklists reported.

In 1995, Melrose Insurance Group Agency Inc. was formed to serve as a cluster vehicle for the two insurance agencies. T. F. Ward and Pine consolidated their agency agreements in Melrose, Mass., after it secured a license to operate as an insurance agency. T. F. Ward and Pine shared their operating expenses and agency management systems.

Attorney Owen Gallagher of ForbesGallagher represented T.F. Ward in the transaction, while Attorney Robert D. Harb represented Pine Insurance Agency.