Dowd Insurance Agencies Enters Alliance with Quincy Mutual Group
HOLYOKE — The Dowd Insurance Agencies 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% ownership position in the Dowd Insurance Agencies.
The Dowd Insurance Agencies, a full-service agency, has been helping people and businesses in Western Mass. with their personal-insurance, commercial-insurance, and financial-planning needs for more than a century. Established in Holyoke in 1898 by James Dowd, it is the oldest insurance agency in the Commonwealth, with operations and management under continuous family ownership. Today, under the stewardship of John Dowd Jr., president and CEO; David Griffin Sr., executive vice president and treasurer; and Robert Gilbert Jr., chairman of the board, the Dowd Insurance Agencies provides counsel and coverage from five offices in Western Mass.
“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.”
Added Griffin, “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.”