Insurance firm targets Florida

SARASOTA — A Connecticut insurance firm with a focus on small business customers will expand into Florida though two Gulf Coast acquisitions.

The firm, Farmington, Conn.,-based BOLT Insurance Agency, bought PFG Insurance and Florida Direct Insurance, according to a release. Those firms have a presence in Charlotte, Manatee and Sarasota counties, and Florida Direct focuses on workers' compensation insurance. Terms of the deal, announced today, weren't released.

BOLT stands for Business Owners Liability Team. The firm appointed insurance industry veteran Robert Rizzo to run the Florida expansion. Rizzo has also worked in business banking and commercial real estate.