Cross Insurance announced Monday that it has acquired longtime Wellesley business Corcoran & Havlin Insurance Group for an undisclosed sum. Cross, like Corcoran & Havlin, is one of New England’s largest independent insurance providers.
Privately-held Corcoran, which will retain its name, has been around since 1967. So the business in the yellow-and-white building is not quite as old as Linden Street next-door neighbor Captain Marden’s (which started in 1945), but it is still something of a Wellesley institution. The business opened at 40 Grove St., and moved to its current spot at 287 Linden St., in 1981. It also has offices in Medfield and Duxbury.
According to a company spokesman, Corcoran & Havlin employs 55, and no job cuts are expected as a result of the transaction. Owners Jack Keefe and George Doherty will continue to lead the organization following the transaction, under terms of the acquisition. They naturally say that the union will provide more services for clients and better opportunities for the business.