Stamford’s Karl W. Reynard, Inc. Joins NBT Insurance Agency

NORWICH, NY (July 18, 2024)—NBT Insurance Agency President Tucker Lounsbury announced that Karl W. Reynard, Inc. located in Stamford, NY has joined NBT Insurance Agency, LLC, a subsidiary of NBT Bancorp Inc., with the successful execution of an asset purchase agreement.

Founded in 1941, Karl W. Reynard, Inc. is a long-established property and casualty agency offering personal and commercial lines. “Partnering with NBT Insurance was the right choice to ensure our clients will continue to receive personalized attention and value in their insurance relationship,” said Kevin Hull, President of Karl W. Reynard, Inc. Hull will continue with NBT Insurance and assist with customer engagement and business development opportunities. “They will also benefit from additional insurance carrier choices and an expanded set of insurance lines, including life and employee benefits.”

This strategic acquisition expands the presence of NBT Insurance Agency in the Catskills, where the agency and its sister company, NBT Bank, are well established.

“The team at NBT Insurance Agency is excited to continue our growth in the Catskills through this acquisition,” said NBT Insurance President Tucker Lounsbury. “We welcome the employees and clients of Karl W. Reynard, Inc. to our agency where we are focused on building relationships and ensuring our clients have the right blend of coverage to meet their unique business and personal needs.”

“I’ve had the pleasure of working with NBT Insurance Agency for several years to help source specialty insurance markets and their commitment and support to their customers and their communities is unmatched,” said Hull. “I’m confident that Tucker and the NBT Insurance Agency team will be good stewards of Karl W. Reynard, Inc., which was founded over 80 years ago.”