A Massachusetts insurance company made each of the lists in the Insurance Journal’s Ninth Annual Top 100 List
For the past nine years, the Insurance Journal has compiled and published a list of the Top 100 Privately Held Independent Property/Casualty Agencies in the country. In this year’s addition, however, the magazine decided to “dig deeper” and so in addition to publishing their Top 100 list, the publication also published a list of the Top 20 independent agency networks or aggregator groups and the Top 20 Bank Holding Companies and Banks in Insurance.
Unlike other years, this year’s list was compiled by ranking agencies based on their total 2012 P/C revenue with two Massachusetts independent agencies making this year’s list. Coming in at Number 26 was Risk Strategies Co. The company based in Boston has 190 employees and claimed a 2012 Total P/C Revenue of $37,250,000. The second Mass. agency to make the list at Number 88 was the Rogers & Gray Insurance Agency with $11,553,900 in Total P/C revenue for 2012.Founded in 1906, the agency based in South Dennis, employs 120 throughout its eight office locations in Massachusetts,
“We are so pleased with this recognition especially since most agencies on the list are from large metropolitan areas.” Said Charles Robinson, President & CEO of Rogers & Gray. “Our entire staff shares in this distinction. Without our team, we would not have been able to achieve this remarkable standing. We could not be more proud of our employees and thankful to our customers.”
In compiling the list of Agency Network/Aggregator Groups, the Insurance Journal chose to rank the top 20 based on their 2012 Total P/C Revenue. For that list, the only Mass.-based group to make the list was the Wellesley-based Renaissance Alliance Insuranec Services, LLC. The company came in at number five with a 2012 Total P/C Revenue of $75,321,676.
The last ranking in this year’s issue took a look at the Top 20 Bank Holding Companies in Insurance Brokerage Fee Income. Two Massachusetts entities debuted on this list this year. Boston’s Eastern Bank was ranked this year as number 13 in the country with $56,383,000 in Insurance Brokerage Fee Income for 2012. The second bank to make the list was Boston-based M&T Bank Corp. Coming in at number 16, the corporation had $41, 571,000 in 2012 Insurance Brokerage Fee Income.