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Founded in 2008, Momentous Insurance Brokerage has a 220-person workforce.
"Fortunately, we get along," said Drew Scott.
"We will continue to underwrite our physical damage only product," CEO Barry Goldstein said.
Goldstein served as the Kingston-headquartered company’s CEO from 2001 through 2018.
The frequency and intensity of data breaches and other cyberattacks keeps escalating. Although most of the publicity surrounding breaches has involved large, well-known companies, startups and other small companies are not immune.
Crystal Run Health Plan LLC had filed a notice with New York state that layoffs at its health plans office were expected to begin after July 8. It reported 32 total employees with 7 of those to be affected.
MMA CEO David Eslick called Arizona "a thriving marketplace for businesses of all sizes."
J. Patrick Gallagher, head of the acquiring company, praised Merit Insurance as a "highly regarded, socially responsible firm."
Nieland succeeds Christopher C. Brown, who joined the company as president in 2009 and is will become its chairman.
“During my years in the industry, I witnessed first-hand how the underwriters and (catastrophe) modelers suffered from manual processes and lack of support systems,” said Pricing Platform founder Sito Sarkar.
The company, a division of Greenwich-based W.R. Berkley Corp, also operates in Illinois, Colorado, Arizona, Minnesota, and Wisconsin.
Tom Ayres, who joined Daigle & Travers as a partner in 2016, will head the new location, which is the company's third in Fairfield County.