Cross Insurance Acquires the North Shore’s Daly Insurance
This is the third Cross acquisition in the area since the start of 2022
Cross Insurance continues to expand its presence on the North Shore. In May of 2022, the Bangor-based agency announced a double acquisition in the arear with the acquisition of sister agencies Harold Humphrey Insurance Agency and the Byfield Insurance Agency, Inc. in the Newburyport area as well as establishing a new brick and mortar office there as well. Fast forward to May of this year, the agency announced that effective May 1, 2023, the North Shore’s Day Insurance Family has joined the Cross Insurance family of insurance agencies adding a third North Shore agency to its ranks.
Based in Beverly, the Daly Insurance Agency was founded 2010 by Kevin P. Daly, CPCU after a successful career working in the insurance industry. From a one-person agency with a part-time employee, Mr. Daly grew his independent agency over the past 13 years into a team of eight of experienced insurance advisors focusing on providing both personal and commercial insurance.
No further terms of the transaction were disclosed.
A look at all the recent acquisitions by Cross Insurance in the New England/Northeast Area
Now considered the second-largest insurance broker in Massachusetts, Cross Insurance continues to grow its presence not only across the Commonwealth, but throughout the Northeast. Since 2020, it has made seven agency acquisitions in the Bay State alone, not counting the one just announced. The following is a complete list of the acquisitions in the region since 2020.
QUARTERDATE ACQUIREDAGENCY ACQUIREDLOCATION2020Q11/1/2020ACBIConnecticutQ13/6/2020Deblasio InsuranceRhode IslandQ13/6/2020Gaspee Benefit PlannersRhode IslandQ25/1/2020Clifton BrokerageConnecticutQ37/1/2020The Doyle Agency, Inc.ConnecticutQ37/10/2020Charles GoodmanNew YorkQ38/1/2020Kettle CreekConnecticutQ412/15/2020Daigle & TraversConnecticutQ412/30/2020Boston MarineMassachusettsQ412/31/2020McSweeney & RicciMassachusetts2021Q12/12/2021Bedford Insurance BrokerageNew YorkQ24/1/2021Business Benefits, Inc.MassachusettsQ25/3/2021A. J. Benet, Inc. New YorkQ26/15/2021Boynton Insurance AgencyMassachusettsQ411/30/2021Corkin Insurnace AgencyMassachusettsQ412/1/2021The Doyle Agency, Inc.ConnecticutQ25/10/2022Harold Humphrey Insurance Agency
Byfield Insurance Agency, Inc.
Massachusetts
