• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Contact Us

Agency Checklists

Massachusetts Insurance News & Job Opportunities

You are here: Home / Insurance News | Massachusetts / Insurance Agencies | Mergers & Acquisitions / The Philbin Insurance Group Purchases The Douglas Insurance Agency

The Philbin Insurance Group Purchases The Douglas Insurance Agency

January 12, 2021 by AC Editor

This is the tenth-plus agency acquisition for the Philbin Insurance Group since its founding in 1989


Two Lynnfield-based independent insurance agencies unite. The Philbin Insurance Group, a local, family-owned, independent insurance agency has announced its acquisition of the Douglas Insurance Agency, another independent insurance agency based in the same town.

Established in 1964, the Douglas Insurance Agency has operated as a small, local, independent insurance agency located in Lynnfield for 57 years. Upon the sale of the agency, effective January 1, 2021, the company will merge into the Philbin Insurance Group. No further terms of the transaction were disclosed.

Growth through small, targeted acquisitions

The Philbin Insurance Group

A Five-Star Agency, the Philbin Insurance Group was founded in 1989 by Andrew T. Philbin. A former Allstate agent and Travelers claim adjuster, Mr. Philbin decided to start his own agency and become an independent agent in order to “…provide broader products and more competitive pricing to his clients.”

Over the past three decades the agency has grown now encompassing two locations with clients in Massachusetts, Maine, and New Hampshire. The agency continues to be family-run and is now headed by Mr. Philbin’s daughter, Tara Philbin who is the current CEO. Mr. Philbin’s son and Tara’s brother Andrew, concentrates on sales.

One of the hallmarks of The Philbin Insurance Group’s success has been its growth through acquisitions strategy. Through small, targeted acquisitions, the company has been able to build both its brand and geographic footprint in the North of Boston area. Since 1991, the company has been acquiring independent agencies consistently, with over ten acquisitions to its name. The addition of the Douglas Insurance Agency will help strengthen the Philbin Insurance Group’s presence in Lynnfield while allowing the agency to service and expand the offerings of its new insureds from the Douglas Insurance Agency.


Primary Sidebar

MA Division of Insurance Announcements

New Episode

MA Insurance Lawyers

SPONSORED

Career News

The Concord Group Appoints Michael P. Nolin, Jr. as President & Chief Executive Officer

N&D Appoints Michael Mucher as Senior Vice President

Plymouth Rock Assurance Corporation Announces Key Executive Appointments

Plymouth Rock Assurance Corporation Announces Key Executive Appointments   

The Hanover Appoints Toni E. Mitchell President of Technology and Life Sciences Business

View More Career News

In Memoriam

In Memoriam: Roy Corso: 1943-2025

In Memoriam: Kevin Hugh Kelley, 1950-2025

In Memoriam: Kevin Hugh Kelley, 1950-2025

In Memoriam: Stephen Lee Brown, 1937-2025

In Memoriam: Stephen Lee Brown, 1937-2025

Company News

Travelers Institute Announces Fall 2025 Wednesdays with Woodward® Webinar Schedule

Insurance Library Announces 2025 Members of Hess Benefactor Society

Agency Checklists, Arbella's New Cyber Endorsement, Cyber Extortion Insurance, CyberBullying Insurance, Online Fraud Insurance for Homeowners, Data Breach Insurance for Homeowners, CyberBullying Insurance for your children

Massachusetts RMV Cautions Public to Beware of Text Scams

RMV, AAA Northeast Promote Safe Driving for Teens Ahead of Summer

Footer

Agency Checklists

Contact us

We offer a variety of ways to get help promote your company or product.

Announcements
Email Sponsorships
Partnerships
Custom Collaborations

*Affiliate Disclosure

Please note that any of Agency Checklists’ articles might contain one or more affiliate links. This means that any subsequent purchase resulting from these links may result in a commission for us, but at no additional cost to you. For example, as an Amazon Associate, Agency Checklists earns a commission from all qualifying purchases. By working with affiliates we can continue to keep Agency Checklists subscription free. Thank you for your support.

Explore Our Archives

Copyright © 2025 · Agency Checklists · All rights reserved.

 

Loading Comments...