|By PR Newswire||
|September 6, 2012 07:30 AM EDT||
WOODBURY, N.Y., Sept. 6, 2012 /PRNewswire/ -- Sterling & Sterling, Inc., a top 40 privately owned insurance agency, is pleased to announce the addition of Joseph Santospirito as President of its newly created Sterling Construction Services of New York unit effective September 4, 2012. In addition, Carmine D'Angelo has also joined Sterling Construction Services of New York as Vice President, Account Executive reporting to Santospirito. D'Angelo has been involved in the construction insurance arena for 25 years most recently as Assistant Vice President at USI.
In his new role, Santospirito will report directly to Sterling's President, Leslie Nylund, and work to broaden Sterling's existing construction practice in conjunction with their newly formed SterlingHyde joint venture for surety. Sterling Construction Services will focus on the placement of multi-million dollar construction insurance programs and will look to capitalize on the improving economy and the revitalization of building and infrastructure throughout the United States.
Santospirito has been in the insurance business for over 25 years most recently as Senior Vice President leading the Construction Practice Group at USI Insurance Services for the Northeast. His added expertise will expand Sterling's capabilities in the construction arena further enabling them to provide full service insurance solutions for their construction clients and prospects
The Partners of SterlingHyde are excited about the expansion of the construction team and the ability to handle all aspects of construction insurance. Leslie Nylund, Sterling & Sterling's President, said, "We are particularly pleased with the addition of Joe and Carmine as it enhances our capabilities for our existing Real Estate clients that are now getting heavily involved in development and infrastructure projects."
Commenting on the additions of Messrs. Santospirito and D'Angelo, Hyde partner John Hyland said, "We could not be more pleased. We have known Joe and Carmine for many years and we are excited to be working alongside Sterling's construction insurance specialists who complement and enhance our surety bond capabilities. The SterlingHyde Group is making significant commitments to the construction industry in order to position us as one of the Country's leading construction insurance and surety brokers."
Sterling and Sterling, headquartered in Woodbury, New York, employs over 180 leading insurance professionals in nine offices and consistently ranks among the top 40 privately held brokerages in the United States. Sterling can be reached at www.sterlingrisk.com or by calling (800)767-7837.
The Hyde Agency, located in New York, New York, is a specialty surety bond broker. Since 1921 they have been a leading source of bonds for the legal community and are staffed by a proven team of contract surety professionals to serve the construction industry. The Hyde Agency can be reached at www.hydeagency.com or by calling (800) 613-4178.
SOURCE Sterling & Sterling, Inc.