18 Worcester Business Journal | September 26, 2016 | wbjournal.com
Top insurance agencies
Ranked by number of producers*
Name
Number of
producers
Number of
professional staff
Annual premium
revenue range Principal/owner Year founded
1
Eastern Insurance Group LLC
233 W. Central St., Natick 01760
508-651-7700 • easterninsurance.com
66 337 $671 million
Hope Aldrich
president & CEO
1936
2
Risk Strategies Co. **
446 Main St., 14th Floor, Worcester 02110
508-798-0893 • www.benefitdevelopmentgroup.com
60 500 $150 million
Michael Christian
CEO
1997
3
Marsh & McLennan Agency ***
100 Front St., Suite 800, Worcester 01608
508-852-8500 • www.mma-newengland.com
32 172 DND
Jerry Alderman
president, New England region,
property & casualty
1928 ****
4
Sullivan Insurance Group
1 Mercantile St., Worcester 01608
508-791-2241 • www.sullivangroup.com
22 31 $140 million
John T. Andreoli
president & CEO
1957
5
G.M. Abodeely Insurance Agency Inc.
135 Thompson Road, Webster 01570
508-366-1535 • www.abodeely.com
20 25 DND
William J. Abodeely
president
1940
6
Corporate Benefit Plans/Retirement Advisers
546 Main St., Worcester 01608
800-417-6353 • www.corporatebenefitplans.com
18 6 $50 million
Greg Lavelle
president & CEO
1995
7
Insurance Marketing Agencies Inc.
306 Main St., Worcester 01608
508-753-7233 • www.imaagency.com
17 31 $50 million
Peter H. Herman
president
1924
7
Murphy Insurance Agency
50 Main St., Hudson 01749
800-222-8711 • www.dfmurphy.com
17 70 DND
Dennis F. Murphy Jr.
CEO
1937
9
Northeast Insurance Agency Inc.
567 Southbridge St., Auburn 01501
508-832-0404 • www.neinsure.com
15 47 $37 million
Scott Bulger
president
1989
10
Insurance Center of New England
90 Parker St., Gardner 01440
978-632-3400 • www.icne.com
14 15 DND
William Trudeau
president & CEO
1866
11
McGrath Insurance Group Inc.
258 Main St., Sturbridge 01566
508-347-6850 • www.mcgrathinsurance.com
13 13 DND
Richard A. McGrath
president & CEO
1927
12
Braley Wellington Group
44 Park Ave., P.O. Box 15127, Worcester 01615
508-754-7255 • www.braleywellingtongroup.com
12 34 $33 million
Parker Wellington Jr.
president & CEO
1972
13
AXiA Insurance Services Inc.
2 Evergreen Lane, Suite J, Hopedale 01747
508-259-5585 • www.axiagroup.net
10 25 DND
Michael Long
CEO
2001
14
Thomas J. Woods Insurance Agency Inc.
20 Park Ave., Worcester 01605
508-755-5944 • www.woodsinsurance.com
9 12 DND
Jack Woods
president
1949
15
Herlihy Insurance Group
51 Pullman St., Worcester 01606
508-756-5159 • www.herlihygroup.com
7 20 $20 million
James Herlihy III
president
1927
16
Wolpert Insurance Agency Inc.
18 John St. Place, Worcester 01609
508-459-4700 • www.wolpert.com
6 15 $20 - $30 million
Michael Wolpert
president
1956
Source: Each agency via survey
Note: Traina & Traina Insurance Agency Inc. did not respond to the survey. DND = Did Not Disclose.
* A producer is a person licensed to sell insurance in a particular state.
** Formerly Benefit Development Group Inc.
*** Formerly known as Protector Group Insurance Agency, a Marsh & McLennan Agency Co.
**** Year Protector Group Insurance Agency founded
- Compiled by: Stephanie R. Meagher, smeagher@nebusinessmedia.com
Top Insurance Agencies
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