New Hampshire-based Davis & Towle Insurance Group reported its recent acquisition of Allied Insurance Agency in Bow, New Hampshire and the merger of Allied with Davis & Towle.
As a result of the merger, the Allied Insurance will assume the Davis & Towle name and move to Davis & Towle’s Concord location at 115 Airport Rd.
The deal comes just three months after Davis & Towle acquired Turner Liberty Insurance in Farmington.
Davis & Towle is a third generation, family-owned, independent insurance agency founded in 1954 that has expanded to i14 affiliated agencies throughout the state.
The very large crude carrier is laden with Iraqi crude and was bound for China, with the vessel now sitting off Dubai, ship-tracking data shows. The VLCC is controlled by South Korea’s Sinokor Group. The company didn’t immediately respond to a request for comment.
Still, crude is exiting the Persian Gulf, mostly on tankers that have switched off their transponders, while empty vessels are transiting in dark. Four VLCCs have crossed Hormuz since the weekend, according to data from Vortexa, and are set to pick up cargoes from the United Arab Emirates, Iraq and Qatar.
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In the Red Sea, VLCC Bahla entered the waterway via Bab el-Mandeb on Monday with its transponder on after idling in the Gulf of Oman since early July. Some tankers have been pivoting from the waters around Hormuz to the Red Sea in recent days, due to the uncertainty around shipping near the Persian Gulf.
Overall, observable traffic transiting in both directions through Bab el-Mandeb has been dominated by dry-bulk ships, with only one Russian crude cargo sailing out into the Gulf of Aden on Monday.
Tuscano is a managing general agency (MGA) and wholesale insurance broker for independent agents in western Pennsylvania.
The Tuscano team, led by Robin Tuscano, will remain in the firm’s current location under the direction of Steve Levin, Northeast Region leader for RPS.