Sisters acquire family agency

Linda Rey and Laura Rey Iannarelli, principals of Rey Insurance Agency in Sleepy Hollow, announced they have bought out the 35-year-old business from their father, Francisco Rey. The purchase price was not disclosed.

The sisters have led the family company through more than 15 years of steady growth. With Iannarelli as licensed agent and office manager and Rey as licensed agent handling sales and marketing operations with a focus on brokering and underwriting, the agency at 219 N. Broadway has grown from 750 customers in 1997 to 3,000 today, with a 90 percent retention rate.

Their father stepped down as head of operations in 2008 and formally retired this year.