Cross Insurance, a subsidiary of Cross Financial Corp., and one of the largest independent insurance providers in New England, has acquired Appleby & Wyman, the 16th Massachusetts insurance agency to be purchased by Cross.
Founded in 1903, Appleby & Wyman Insurance Agency was established to serve the insurance needs of businesses and individuals located throughout the US. Licensed in 38 states, including all New England states as well as New York, New Jersey, Pennsylvania, Delaware, California, Florida and more, Appleby & Wyman serves the needs of over 10,000 personal and business clients.
With offices in Beverly and Westford, Massachusetts, the agency provides comprehensive advice in all areas of insurance and benefit needs such as Property and Casualty Programs, Employee Benefit Solutions, Buy/Sell Agreements, Bonds and Investment services.
Under terms of the acquisition, Appleby & Wyman becomes a wholly-owned subsidiary of Cross Financial Corp., and will continue to operate under the same name. Appleby & Wyman executives will continue to manage the Beverly and Westford offices. Lisa Marciano will serve as President, Christine Sciola and Mary Ann Dignan will serve as Vice Presidents, Stephanie Murphy will serve as Assistant Vice President, and Carmen Marciano, former Chairman of the Board, will assume the position of Senior Management Advisor. The Agency’s experienced staff of 25 insurance specialists also will continue serving existing and new customers to continue building upon their existing relationships with no interruptions.
“For more than 100 years, we have provided our clients with the best service and products, all with the goal of customer satisfaction and a focus on serving the needs of our community,” said Lisa Marciano, President of Appleby & Wyman. “We happily joined the Cross Insurance family because their values of quality, commitment and community service mirror our own.”
“With the addition of Appleby & Wyman's two locations, Cross Insurance greatly bolsters its presence in the Massachusetts marketplace,” said Jonathan Cross, Chief Operating Officer of Cross Insurance. “Over the past 60 years, Cross Insurance has acquired more than 120 insurance agencies, and we proudly welcome Appleby & Wyman to our business family.”
Cross Insurance owns and operates 15 additional agencies in Massachusetts, including offices in Duxbury, Braintree, Norwell, Weymouth, and Quincy; two offices in Boston; three on the North Shore; two in Metrowest; and three in Western Massachusetts.
Financial terms of the acquisition are not being disclosed.
About Cross Insurance
Founded in 1954, Cross Insurance has grown from a small, family-owned and operated insurance agency based in Bangor, Maine, into one of the largest insurance providers in New England with more than 800 employees in more than 38 offices, serving 100,000 customers throughout the region. Still family-owned and operated, Cross Insurance, a subsidiary of Cross Financial Corporation, provides an extensive range of customized and innovative insurance and financial products including personal and commercial insurance lines, employee benefits, surety bonds, comprehensive risk management advice and counsel, and specialized products focused on high net worth needs. Cross Insurance is recognized as one of New England’s largest independent insurance providers and the nation’s 33rd largest broker of U.S. Business. For more information about Cross Insurance, please visit www.crossagency.com.
