Robert S. Goldstein, former chairman and CEO of themanaging general agency BenefitPort Mid-Atlantic, has come out ofretirement to launch Unique Insurance Concepts LLC, a Palm Beach,Fla.-based holding company that aims to acquire suretyagencies.
Goldstein, who sold BenefitPort Mid-Atlantic to a unit ofGoldman Sachs Group Inc. three years after buying the firm in 2005from Marsh & McLennan's MMC Capital, says this is a “marvelousopportunity” for agents interested in selling their agencies.
As the Bush-era tax cuts are expected to end this year,Goldstein says agents should seize the opportunity to sell theiragencies now to maximize returns on their years of effort beforecapital-gains taxes increase.
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