Woburn, MA – Cabot Risk Strategies LLC, an insurance, employee benefits, and risk management solutions firm headquartered at 15 Cabot Road in Woburn, is proud to announce the acquisition of Bates Insurance Agency in Medford. Founded by Daniel J. Bates in 1976 and recently owned by his daughter Andrea Bates, Bates Insurance has been serving the Medford community for 48 years, providing personal lines and commercial lines insurance.
Cabot Risk Strategies President, Founder, and CEO Joe Callahan announced the purchase and said Bates Insurance will now operate under the Cabot Risk Strategies umbrella. Bates will remain in their location in the Armory Building, 92 High Street in Medford Square and will continue under the Bates name. Longtime Bates employees Joan Bates, Daniel J. “Dapper” Bates, III, and Sue McDonald Nionakis will continue to operate in the Medford office.
“We are so pleased and excited to welcome Bates Insurance and Joan, Danny, and Sue to the Cabot family. They have done an outstanding job servicing the city of Medford and surrounding communities for more than four decades,” said Callahan. “Like Cabot, Bates Insurance is known for their outstanding personal service and value. They are a wonderful addition to our company and strengthen our growing personal and commercial lines offering.”
Callahan founded Cabot Risk Strategies in 2006, and they have grown to over 100 employees and over $20 million in revenue. In addition to their personal and commercial lines business, they also offer employee benefits services and risk management solutions, with a dedicated claims department, medical case management staff, in-house legal counsel, and third-party administration services.
CONTACT INFORMATION:
Hank Morse
Vice President of Communications
Cabot Risk Strategies LLC
15 Cabot Road Woburn, MA 01801
781-815-1977
