Taunton, Mass.-based Farrell Backlund Insurance Agency has merged with Richardson-Cuddy Insurance Agency in the nearby city of Attleboro, Mass.
The deal creates one of the largest independent property/casualty agencies in southeastern Massachusetts, according to the announcement. Farrell Backlund is a unit of Bristol County Savings Bank, which is also based in Taunton, Mass.
Farrell Backlund’s CEO Don Backlund said the deal allows his firm to realize its long-time goal of expanding into the Attleboro area.
Richardson-Cuddy will become part of Farrell Backlund but will still maintain its own name brand. Richardson-Cuddy will continue to provide services from its current offices in downtown Attleboro.
Mark Cuddy, who has been president of Richardson-Cuddy, will maintain his post in the merged agency. He will also be part of the merged agency’s ownership team. He says Richardson-Cuddy’s employees and customers will benefit from additional resources from Farrell Backlund and Bristol County Savings Bank.
The deal brings together two like-minded insurance agencies that have served their respective communities for generations, according to the announcement. Farrell Backlund was established in the early 1950s. Richardson-Cuddy is one of Attleboro’s oldest businesses, with roots dating back to 1869.
Topics Massachusetts
Was this article valuable?
Here are more articles you may enjoy.
Survey Shows Majority of Florida, California Homeowners Seeing Higher Insurance Costs 
AIG General Insurance Chairman McElroy to Retire May 1 
North Carolina Adjuster and Son Charged With Embezzlement in Roof Jobs 
Chubb to Acquire MGA Healthy Paws From Aon 
