Cross Insurance Establishes Boston Office

Industry Veteran Beverly Costello Tapped to Run Higher Education Division

Boston, MA – January 14, 2013 – Cross Insurance, a subsidiary of Cross Financial Corp., and one of the largest independent insurance providers in New England, announces the establishment of a Boston office, specializing in higher education’s insurance and risk management needs.

Cross Insurance Boston – The Higher Education Division, located at 930 Commonwealth Avenue, employs a dozen specialists experienced in providing expert service and customized insurance-based risk management solutions and consulting in the areas of property and casualty, employee benefits, loss control and safety, claims, and OCIP (Owner Control Insurance Program) to colleges and universities nationwide.

Insurance industry veteran Beverly Costello has been hired to manage and direct Cross Insurance Boston.  With more than 30 years of experience in industry-focused insurance and risk management, Costello brings a global depth of knowledge and understanding critical to working with Higher Education clients.  Prior to joining Cross, Costello was the National Placement leader for Marsh USA Education Industry Practice, responsible for managing a team of brokers dedicated to Education clients.

“We are pleased to have Beverly Costello overseeing operations at Cross Insurance Boston,” said Brent Cross, Executive Vice President at Cross Insurance.  “Her extensive background and experience in the specialized field of higher education, as well as her proven track records for strong sales growth, management and development, are skills that give Cross Insurance a strategic advantage moving forward.”

Cross Insurance Boston – The Higher Education Division handles the insurance and risk management needs for many of the foremost colleges and universities throughout Boston and across the country with enrollments as large as 35,000.  The agency helps clients manage associated risks such as research laboratories, campuses in other countries, large university-affiliated museums, and extensive endowments.

Costello brings a global depth of knowledge and understanding critical to working with Higher Education clients. Prior to joining Cross, Costello was the National Placement leader for Marsh USA Education Industry Practice, responsible for managing a team of brokers dedicated to Education clients

Expanding into Boston continues the growth plans of Cross Insurance, which has acquired more than 90 insurance agencies since its founding more than 50 years ago, incorporating more than 30 offices throughout New England.

“Since 1954, we have built the organization ‘one policy at a time’ to become one of New England’s largest insurance providers. We have and will continue to be focused on delivering the kind of professional insurance services you can always trust to take charge of your insurance and risk management issues,” said Royce Cross, CEO of Cross Insurance. “With this strategic expansion in the Boston market, we look forward to serving higher education clients in a broader and more strategic way,” Cross added.

With the new Boston presence, Cross Insurance now owns and operates three offices in Massachusetts, including Cross Insurance in Peabody and TGA Cross in Wakefield.

About Cross Insurance

Founded in 1954, Cross Insurance has grown from a small, family-owned and operated insurance agency based in Bangor, Maine, into one of the largest insurance providers in New England with nearly 500 employees in more than 30 offices, servicing over 22,000 customers throughout the region.  Still family-owned and operated, Cross Insurance, a subsidiary of Cross Financial Corporation, provides an extensive range of customized and innovative insurance and financial products including personal and commercial insurance lines, employee benefits, surety bonds, comprehensive risk management advice and counsel, and specialized products focused on higher education and high net worth needs.  For more information about Cross Insurance, please visit www.crossagency.com.