McGrath Insurance Group Acquires Prouty Insurance Agency

Business Partnership Brings Prouty Customers More Choices, Top-Rated Service

STURBRIDGE, Mass., July 2, 2010 –McGrath Insurance Group, 258 Main St., Sturbridge, announced today that it has acquired Prouty Insurance Agency, Inc., 188 Main St.

As a result of their business partnership, Prouty Insurance will have an opportunity to offer both consumers and businesses a greater choice of insurance products, according to McGrath Insurance President and CEO Richard A. McGrath, CIC, LIA.

“Prouty Insurance has a strong tradition of providing close, personal customer service,” according to McGrath. “For an independent insurance agency, that means being able to offer customers insurance from some of the country’s leading carriers. Through its affiliation with McGrath Insurance, Prouty Insurance will be better able to accomplish that goal.”

Prouty Insurance, one of the oldest and most respected insurance agencies in southern Worcester County, sells all lines of personal insurance, including auto, homeowner’s and life insurance, in addition to commercial insurance.

McGrath Insurance Group, likewise, has been serving businesses and consumers in southern Worcester County for more than 75 years. In addition to its Sturbridge office, McGrath has an office at 169 Main St. in North Brookfield.

The Prouty name has been associated with Spencer and its leading businesses almost since the town was founded. Historically, the family began drawing wire in 1812 and making shoes in 1820. Prouty Insurance Agency continued that long tradition when it was formed in .

“Prouty Insurance Agency’s reputation will only help us serve the community even better,” according to McGrath. “We believe that working together will provide both agencies with an opportunity for growth.”