Towerstone Expands with Gremesco Acquisition in Commercial Insurance

Towerstone, a wholesale division of IMA Financial Group located in Dallas, recently announced its acquisition of Gremesco, a wholesaler based in Bridgeport, Connecticut. Although the specific financial terms of this acquisition remain undisclosed, this move highlights Towerstone's strategic expansion within the commercial insurance industry.

Gremesco, employing a dedicated team of five, offers a comprehensive range of commercial insurance products. Following the acquisition, Gremesco will retain its current leadership team and continue operations under its existing name, ensuring no disruption in service for its clients and maintaining its regulatory compliance requirements.

Historically focused on underwriting and providing coverage for the oil and gas industry, Towerstone has been diversifying its operations and entering new sectors. The acquisition of Gremesco marks the fourth addition in five years, reinforcing Towerstone's commitment to broadening its market reach and enhancing its capability to handle complex claims and regulatory demands within the insurance sector.

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