• 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.


Filed Under: Insurance Agencies | Mergers & Acquisitions, Latest News Tagged With: Agency Checklists, insurance agency acquisitions, massachusetts insurance news

Primary Sidebar

New Episode

MA Insurance Lawyers

SPONSORED

MA DOI Advertisements

Career News

HUB Names Melissa Salois-Blood as New Controller and Jennifer Santiago as Group Benefits Account Manager

HUB Names Melissa Salois-Blood as New Controller and Jennifer Santiago as Group Benefits Account Manager

Insurance News Massachusetts and US Market Share

Travelers Announces 2025 Personal Insurance Agent of the Year Award Honorees

WTW Appoints Lofstrom as Deputy Regional Leader New England

WTW Appoints Lofstrom as Deputy Regional Leader New England

PIA Connecticut & CTYIP Elects Officers for 2025-26; McKiernan Named President

View More Career News

In Memoriam

In Memoriam: John J. Doyle Jr., 1942-2025

In Memoriam: Joseph Lombard, 98, Founder of Corinthian Insurance In Medway

In Memoriam: Michael Ray Christiansen, 1953-2025

Company News

Arbella Insurance Foundation Launches Annual “Let’s Drive Out Hunger” Program to Raise Funds for Hunger Relief Programs Across New England

Arbella Insurance Foundation Launches Annual “Let’s Drive Out Hunger” Program to Raise Funds for Hunger Relief Programs Across New England

Progressive Drives Small Business Forward with $1 Million in Commercial Vehicle Grants

Agency Checklists, MA Insurance News, Mass. Insurance News, MA Life Insurance Companies, Boston Mutual

Boston Mutual Life Insurance Company’s Making An Impact Program Celebrates Seven Years of Giving Back

New York Liberty and Liberty Mutual Insurance Announce Multiyear Partnership

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...