FEB. 10, 2012 – C&S Insurance Agency has announced its plans to acquire and merge with The Colonial Insurance of Mansfield. The merged entity which will operate as C&S Insurance will become both the largest and oldest agency in the Mansfield area.
C&S Insurance, also known as Cavallo & Signoriello Insurance Agency, was established in 1959 by childhood friends Frank Signoriello and B. Benjamin Cavallo. The agency today is run by the sons of both founders, Ben Cavallo and Keith Signoriello, and has locations in Mansfield, Taunton and Attleboro . The agency has been named “Number one agency in Southeastern Massachusetts” for three consecutive years by The Boston Herald. In additon, Ben Cavallo is currently the MAIA’s Young Agent of the Year. With the acquisition of Colonial Insurance, the agency expects to increase to 25 employees and a client base of approximately 13,000.
With roots back to 1882, the present incarnation of Colonial Insurance began in 1970. The Herbert E. King Agency and the Fred E. Willis Agency merged in that year to become New England Security Insurance Agency. Mitchel Siefert, first joined the agency in 1978 and went on to become president in 1986. In 1999, Mitchel Seifert and his agency, The Nurses Insurance Agency, purchased The New England Security Insurance Agency. In 2002, the Nurses Insurance Agency changed its name to Colonial Insurance.
“We are excited to join forces with such an impressive agency as Colonial, said Mr. Cavallo in a press release issued by the C&S Insurance Agency.” “Their stellar reputation and presence in Mansfield will make C&S an even stronger presence in the market. We look forward to working with Mitchell and his team and continuing to expand our reach in the market.”
Adds, Keith Signoriello President of C&S, “Colonial Insurance increases the number of company markets, which translates to better price and coverages for our customers, and also adds key intellectual capital, such as experienced staff, which is invaluable.”
Mr. Seifert will remain with the newly merged entity and will serve as a special advisor and director to C&S Insurance. In addition, Cavallo says, that the plans are to retain most of Colonial’s employees and to operate the agency as is for the coming year. The company, however, plans to conduct a massive renovation of the C&S Insurance offices located at 190 Chauncy Street in which they will add several thousand square feet in order to accommodate both agencies.