NEW YORK, N.Y.—Michael P. Demetriou, President of the Demetriou General Agency, Inc., has announced his Company’s acquisition of Danross Agency, Inc. a long established general agency based in Manhattan headed by long standing industry mover and shaker Morty Aron. The Demetriou General Agency, Inc., now in its 85th year, is fast approaching the $100 million mark as their expansion continues. The Company recently acquired the H. Al Roth Greenwich Agency as we reported here.

Mr. Demetriou stated: “The Danross Agency team represents added market strength here for agents and brokers. The Danross Agency, well known by brokers for many years, has been stewarded very successfully making it an ideal part of our strategic growth plans as we go forward,” he stated. “The Danross Agency and its professionals have moved into our offices and have continued underwriting services seamlessly. “We are proud to have them on our growing team” Mr. Demetriou stated. In addition, Demetriou General Agency has recently expanded its Madison Avenue headquarters to occupy the full floor at 415 Madison Avenue (between 48th and 49th Streets) to accommodate the two new acquisitions. The Group’s centralized location will provide for enhanced processing and other activities conducted by the agency for the growing number of over 600 agents and brokers with whom it works, according to John G. Mavroukas, Executive Vice President: “Our Company, founded 84 yeas ago by Mr. Demetriou’s great-grandfather, has gained a reputation over the years, we believe, for careful, earnest relationship building with agents and brokers and for the representation of aggressive companies whose products fit the New York and New Jersey marketplace—a tradition we plan to continue as we acquire general agencies, expand our staff and grow our broker base,” he said.