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JGS Insurance acquires Maryland-based insurance agency

Holmdel, N.J.-based Jacobson Goldfarb & Scott Inc., which does business as JGS Insurance, has acquired the assets of Silver Spring, Md.-based John Manougian Insurance Agency Inc.

John Manougian, founder of the acquired entity, will stay as a consultant, while Chris Manougian and Robin Manougian were appointed vice presidents. The rest of the staff will continue to operate from the agency's current office.

John Manougian Insurance will operate as a wholly owned subsidiary of JGS Insurance, with Chris Manougian and Robin Manougian as practice leaders.

The acquired agency offers insurance services, including professional insurance management, risk evaluation, loss prevention and risk management services, and claims analysis.