HOLYOKE, Mass – The Dowd Insurance Agencies, a leading insurance provider serving New England for 118 years, today announced it will enter into a strategic alliance with a subsidiary of The Quincy Mutual Group. Through Quincy Perpetuation Partners (QPP), the new subsidiary, Quincy Mutual will invest in a 20 percent ownership position in The Dowd Insurance Agencies.
A full-service agency, The Dowd Insurance Agencies have been helping people and businesses in western Massachusetts with their personal insurance, commercial insurance, and financial-planning needs for over a century. Established in Holyoke in 1898 by James J. Dowd, it is the oldest insurance agency in the Commonwealth with operations and management under continuous family ownership. Today, under the stewardship of John E. Dowd, Jr., president and chief executive officer, David W. Griffin, Sr., executive vice-president and treasurer, and Robert W. Gilbert Jr., chairman of the board, The Dowd Insurance Agencies provide counsel and coverage from five offices in western Massachusetts.
“When Quincy Mutual Group shared their vision and goals for QPP — to help locally owned independent agencies grow organically and through acquisition — we were all ears,” Dowd said. “What QPP offers fully supports what Dave and I want to accomplish, which is to ensure that the firm continues as a growing, family-owned, and regionally strong independent agency.”
Griffin commented, “Our roots and core beliefs have always focused on providing our customers with the best possible coverage and prices through our established network of industry partners and carriers. These values have helped us grow and maintain our reputation for more than a century. These same values have sustained Quincy Mutual Group for over 165 years, and we are proud to have them join with us.”
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