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Ion Insurance Corporation News

Web Site: http://www.ioninsurance.com
24 Cherry St., P.O. Box 619, Naugatuck, CT 06770
Tel: (203) 729-5261 Fax: (203) 729-4343

Let Ion Insurance be your partner in your quest for the right insurance policy. Go to our website or give us a call at 877.407.5807.

 View all News Articles for Ion Insurance Corporation

Ion Insurance Acquires Cheshire Agency

February 20, 2018

Ion Insurance Corp. has acquired an independent Cheshire insurance agency in a transaction that will nearly double their size.

Ion Insurance has acquired CPM Insurance of 90 Hinman Street in Cheshire, in a deal that became effective in January 2018, announced David Drescher, President of Ion Insurance.

"CPM has a positive sales and service culture that is a good fit for Ion Insurance.", said David Drescher, "Together we offer several niche programs which gives us a larger presence. Merging our companies together will be seamless and non-disruptive for customers of both agencies."

Upon closing the sale, former owner, Connex Credit Unionís President and CEO Frank Mancini said, "We recognize that our growth lies in our core business proficiencies and that is where we will focus our resources."

In addition to the wide variety of current insurance product offerings, the deal will give customers access to a greater number of insurance carriers and specialized insurance coverage for towing operations, sand and gravel hauling, automobile recycling and dismantling as well as one of a kind tool and equipment coverage offered through CPMís exclusive program, Pro-Tec.

"This is just one more step down the road of bringing better service and a wider and deeper variety of products to our customers," Drescher said.

Ion Insurance will keep their headquarters at 24 Cherry Street in Naugatuck and add an office location at 1520 Highland Avenue in Cheshire which will house a majority of their employees.


Member News is provided as a service of the Midstate Chamber of Commerce and is also featured in the monthly "Chamber News" newsletter mailed to members.

The “original publication date” of Member News articles posted on this web site reflects the date this article was added to the Chamber database and may not necessarily reflect the date such news events occurred.

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