wbjournal.com | Book of Lists 2019 | Worcester Business Journal 109
P R O F E S S I O N A L S E R V I C E S F O C U S
Top insurance agencies
Ranked by number of producers(a)
Agency
Number of
producers
Number of
professional staff
Annual premium
revenue range Principal/owner Year founded
1
Risk Strategies Co. (b)
446 Main St., Worcester 01608
508-798-0893 • www.risk-strategies.com
250 (c) 1,200 $350 million
Mike Christian
CEO
1997
2
Eastern Insurance Group LLC
233 W. Central St., Natick 01760
508-651-7700 • easterninsurance.com
85 430 $1 billion
John F. Koegel
president & CEO
1936
3
Murphy Insurance Agency
50 Main St., Hudson 01749
800-222-8711 • www.dfmurphy.com
46 71 DND
Dennis F. Murphy Jr.
CEO
1937
4
Marsh & McLennan Agency (d)
100 Front St., Suite 800, Worcester 01608
508-852-8500 • www.MarshMMA.com
30 165 DND
Jerry Alderman
CEO, New England Region
1928 (e)
5
Insurance Marketing Agencies Inc.
306 Main St., Worcester 01608
508-753-7233 • www.imaagency.com
24 35 $65 million
Peter H. Herman
president
1924
5
Sullivan Insurance Group
1 Mercantile St., Suite 710, Worcester 01608
508-791-2241 • www.sullivangroup.com
24 34 DND
John T. Andreoli
president & CEO
1957
7
Corporate Benefit Plans/RetirementAdvisers.net
195 Park Ave., Worcester 01609
800-417-6353 • www.corporatebenefitplans.com
22 DND DND
Greg Lavelle
president & CEO
1995
8
G.M. Abodeely Insurance Agency Inc. (f)
135 Thompson Road, Webster 01570
508-366-1535 • www.abodeely.com
20 25 DND
Paul Cellucci
Mass. regional director, Smith Bros.
1940
9
Northeast Insurance Agency Inc.
567 Southbridge St., Auburn 01501
508-832-0404 • www.neinsure.com
14 47 $40 million
Scott Bulger
president
1989
10
Braley Wellington Group
44 Park Ave., P.O. Box 15127, Worcester 01615
508-754-7255 • www.braleywellingtongroup.com
12 34 $5.3 million
Parker Wellington Jr.
president & CEO
1972
11
AXiA Insurance Services Inc.
2 Evergreen Lane, Suite J, Hopedale 01747
508-259-5585 • www.axiagroup.net
11 DND DND
Michael R. Long
CEO
2001
12
Knight-Dik Insurance Agency
446 Main St., Worcester 01608
800-286-6353 • www.knightdik.com
8 18 $20 million
Ross Dik
president
1918
13
Gaudette Insurance Agency Inc.
1 Plummers Corner, Whitinsville 01588
508-234-6333 • www.gaudette-insurance.com
7 30 DND
Lee Gaudette
president
1926
13
Herlihy Insurance Group
51 Pullman St., Worcester 01606
508-756-5159 • www.herlihygroup.com
7 25 $25 million
James J. Herlihy III
president
1927
15
Thomas J. Woods Insurance Agency Inc.
20 Park Ave., Worcester 01605
508-755-5944 • www.woodsinsurance.com
6 18 DND
Jack Woods
president
1949
15
Traina & Traina Insurance Agency Inc. & Surety Services NE
44 Main St., P.O. Box 489, Sterling 01564
978-422-7700 • www.ttiai.com
6 8 $5 to $7 million
Richard C. Traina
president
1993
15
Wolpert Insurance Agency Inc.
18 John St. Place, Worcester 01609
508-459-4700 • www.wolpert.com
6 18 DND
Michael Wolpert
president
1956
18
Gallant Insurance Agency Inc.
199 Great Road, P.O. Box 975, Acton 01720
978-263-3500 • www.gallantins.com
5 23 $21 million
Ray Gallant
president
1927
19
George E. McKenna Insurance Agency Inc.
4 Pleasant St., Leicester 01524
508-892-8133 • www.mckennainsurance.com
3 5 $5 million
Steven Corley
principal
1928
20
Choice Insurance Agency Inc.
376 Summer St., Fitchburg 01420
978-343-4853 • www.choice-insurance.com
2 12 DND
Brian Allain
president
1992
20
Coonan Insurance Agency Inc.
267 Main St., Oxford 01540
508-987-7122 • www.coonaninsurance.com
2 8 DND
Thomas Coonan
president
Linda Coonan
VP, secretary & treasurer
2001
20
LJM Insurance Agency Inc.
327 Union Ave., Framingham 01702 2 5 $6 million
Lindsey J. Morris
1989
15
44 Main St., P.O. Box 489, Sterling 01564
978-422-7700 • www.ttiai.com
6 8 $5 to $7 million
Richard C. Traina
president
1993
15
Wolpert Insurance Agency Inc.
18 John St. Place, Worcester 01609
508-459-4700 • www.wolpert.com
6 18 DND
Michael Wolpert
president
1956
18
Gallant Insurance Agency Inc.
199 Great Road, P.O. Box 975, Acton 01720
978-263-3500 • www.gallantins.com
5 23 $21 million
Ray Gallant
president
1927
19
George E. McKenna Insurance Agency Inc.
4 Pleasant St., Leicester 01524
508-892-8133 • www.mckennainsurance.com
3 5 $5 million
Steven Corley
principal
1928
20
Choice Insurance Agency Inc.
376 Summer St., Fitchburg 01420
978-343-4853 • www.choice-insurance.com
2 12 DND
Brian Allain
president
1992
20
Coonan Insurance Agency Inc.
267 Main St., Oxford 01540
508-987-7122 • www.coonaninsurance.com
2 8 DND
Thomas Coonan
president
Linda Coonan
VP, secretary & treasurer
2001
20
LJM Insurance Agency Inc.
327 Union Ave., Framingham 01702
508-872-0662 • www.ljmins.com
2 5 $6 million
Lindsey J. Morris
president
1989
Source: Each agency via survey
Note: Gardner's Insurance Center of New England and Marshall Insurance Agency of Marlborough and Hudson declined to participate in the 2019 survey. In January 2017, Providence, R.I.-based Starkweather & Shepley Insurance Brokerage
acquired McGrath Insurance Group of Sturbridge (ranked #3 in 2017); unable to confirm data by press time. DND = Did not disclose.
(a) A producer is a person licensed to sell insurance in a particular state.
(b) Formerly Benefit Development Group Inc.
(c) Thirty local producers
(d) Formerly known as Protector Group Insurance Agency, a Marsh & McLennan Agency Co.
(e) Year Protector Group Insurance Agency founded
(f) Merged with Conn.-based Smith Bros. Insurance Agency on May 15, 2018; producer and staff figures from 2018 survey
- Compiled by: Stephanie R. Meagher, smeagher@nebusinessmedia.com
