By THOMAS P. CALDWELL, LACONIA DAILY SUN
LACONIA — HPM Insurance of Amherst and Bedford has expanded into the Lakes Region with its recent purchase of the Byse Agency, Inc.
Incorporated in 1932, the Byse Agency has its home office in Laconia, with branches at Bristol Insurance Agency in Bristol and Franconia Insurance Agency in Franconia Notch.
Jeffrey Flanders, who will remain as general manager of the Byse Agency, said, “We decided to join HPM Insurance, as we wanted to ensure our clients and employees would continue to appreciate what we had built while providing access to additional resources to move the agency forward.”
Lyle Fulkerson, president and chief executive officer of HPM insurance, said, “We’re actually quite excited about it. There will be no internal changes, but we have quite a few more carriers and choices. We look forward to building out the area and expanding Byse Agency and the Byse reputation.”
Fulkerson said he has fond memories of the Lakes Region, having worked with an ambulance service in Wolfeboro several years ago.
Prior to acquiring the Byse Agency, Fulkerson had purchased four other insurance agencies, two of which — Holt and Proctor — trace their roots to the 1800s. The Byse purchase establishes HPM in seven locations.
“At this point in time, we’re branding with HPM recognition, but the Byse name has been there a long time,” Fulkerson said. “We’ll offer more carriers, knowledge, and expertise.”
He cited a recent medical seminar at the Byse office as one of the benefits HPM is bringing to the Lakes Region.
“At HPM, one of the things that’s critical to us is we believe in being engaged in the community,” Fulkerson said, “through events and organizations. We will be looking to do more than the Byse Agency has done historically to become active members of the community, and we’re excited about that.”