Three-Generation Insurance Broker Acquired

Family-owned New England aviation insurance specialist joins a large family of companies.

Mark Phelps

Thursday, September 05, 2024 at 10:23 AM ET

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Edited By:

Travis Tingle

[Credit: Shutterstock]

Key Takeaways:

Schrager Hampson Aviation Insurance Group (SHAIG) acquired Northeast Aviation & Marine Brokers, making it SHAIG's fifth aviation insurance broker acquisition.
Jack Mallia, son of Northeast's founder, will join SHAIG's management team, contributing his wide-ranging expertise in aviation insurance.
SHAIG aims to honor the legacy of Northeast's founder and uphold the firm's tradition of personalized, client-focused service.

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Earlier this week, the Schrager Hampson Aviation Insurance Group (SHAIG) acquired Northeast Aviation & Marine Brokers. The New England firm, founded in 2001, is the fifth aviation insurance broker to come under the mantle of Shrager Hampson.

Northeast was founded by the late Jeffrey Mallia, a former naval aviator and builder of an EAA AirVenture award-winning Cozy Mark III canard homebuilt. His father founded the insurance firm Sykes-Mallia in 1956.