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This article was published 2 year(s) and 3 month(s) ago
(Left to right) Marc Duffy, Robert “Bob” McCormack, Robert McCormack Jr. ((photo credit: Duffy Insurance Agency))

Lynn’s Duffy Insurance acquires Wakefield insurance agency

Allysha Dunnigan

February 21, 2023 by Allysha Dunnigan

LYNN – Duffy Insurance Agency recently acquired the assets of the B&M Insurance Agency, based out of Wakefield. 

Led by Principal Rob McCormack Jr., the B&M Agency will continue to manage the needs of the thousands of individuals, families, and businesses across Massachusetts and New Hampshire that they have been servicing out of their Wakefield office for the past 50 years. Rob recently took over the business from his father, B&M founder Robert “Bob” McCormack.

Marc Duffy, the president of Duffy Insurance Agency, said that during its 50 years in business the B&M Insurance Agency has established itself as a highly-respected insurance agency. 

“When I first met the owner Bob McCormack and his son Rob Jr., it was very clear that we shared much of the same business philosophy with regards to providing personal, in-house customer service,” Duffy said. “Over the past few years, we met several times and really developed a strong relationship and understanding of how to best transition the agency that the McCormack family worked so hard to build. The customers of B&M Insurance will continue to enjoy this in-house customer service with a strong emphasis on the personal relationship.” 

Duffy said customers will also enjoy additional product offerings and insurance company options at Duffy Insurance. 

“I couldn’t be more excited to partner with Rob Jr. and the B&M team,” said Duffy. 

Rob said since his first meeting with Duffy, he saw the similarities in not only growing up in the family business and being a family agency, but putting the clients first. 

“I have the utmost faith in Marc and his vision of growing the Duffy brand to make it one of the premier insurance agencies in the state,” Rob said. “I welcome the opportunity in joining the Duffy family where I can continue to serve our clients, but more importantly help grow the Duffy brand.” 

Bob said that as he steps aside from the business, he wanted to merge his agency with a brand that resembles B&M’s core values. 

“This allows for a seamless transition for our employees, but more importantly for our clients. I just had to spend a few minutes with Marc to know Duffy Insurance incorporates the same core values and mission statement as we do,” Bob said. “The ability to always put the client first and to always be available to our clients was a must in identifying the perfect match for our business. As we bring our own experience and relationships to the table and combine that with the Duffy family, it will only enhance our ability to service our clients, educators and help enhance the growth of the Duffy Family of Agency.”

  • Allysha Dunnigan
    Allysha Dunnigan

    Allysha joined the Daily Item in 2021 after graduating with a degree in Media and Communications from Salem State University. She is a Lynn native and a graduate of Lynn Classical High School. Allysha is currently living in Washington D.C. pursuing a Master's Degree in Journalism from Georgetown University.

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