Fifth Era Unbiased Agent and Present Salem 5 Insurance coverage President to Retire January 2, 2025
His household had had been in insurance coverage for practically 5 a long time, however when Brian Boyle graduated from St. Michael’s Faculty in 1983, he wasn’t positive if he was going to hitch the household’s enterprise along with his father and brother.
After speaking it over along with his father, the youthful Boyle determined to present it a shot – if for no different cause that he didn’t have one other job lined up. That’s when his father doled out the truth: “If you happen to’re going to work for me,” Brian recalled his father telling him, “you’re not going to be a kind of youngsters who journey to Europe for the summer time. You begin June 1.”
Forty-one years and no regrets later, Brian Boyle will retire January 2, 2025, as president of Salem 5 Insurance coverage, the successor group to Boyle Insurance coverage.
“I’ve cherished each minute of it,” Brian mentioned just lately. “I benefit from the folks. The folks within the company and the underwriters we work with. The folks within the Financial institution. And, after all, the folks we insure. I’ll not have been sure about my profession once I was leaving St. Mike’s, however I positively made the best alternative.”
Salem 5 Insurance coverage traces its roots to 1935, when Edward G. Boyle, an lawyer in Woburn, helped new householders get insurance coverage insurance policies. It remained a facet enterprise for the Boyle household till Edward’s son, Gerard F. “Spike” Boyle, took over and centered on private traces, but in addition bought actual property.
“To develop the enterprise, he realized he needed to concentrate on actual property or insurance coverage. He selected insurance coverage,” Brian mentioned. “It was clearly a really sensible transfer.”
Quickly, Brian and his older brother, Gerard F. “Jay” Boyle, Jr., started working within the insurance coverage company. Jay Boyle started in 1978 and, inside a couple of years, expanded the company’s merchandise to incorporate business traces. Brian joined in 1983. In the meantime, Jay took over as president in 2000 when his father retired and retained the title till his retirement in 2022.
“Underneath Jay and Brian, Boyle Insurance coverage actually got here into its personal as a full-service insurance coverage company,” mentioned Bruce Potter, Chief Working Officer at Salem 5. “Once we started taking a look at including an insurance coverage company within the early 2000s, we shortly realized these have been the best guys and the best staff to hitch Salem 5. They knew find out how to steadiness the wants of the enterprise with the wants of their prospects.”
Boyle Insurance coverage had $24 million in premium when it was purchased by Salem 5 in 2006. At this time, it has greater than $140 million. The acquisition by Salem 5 accomplished the Financial institution’s dedication to offering prospects with a full vary of monetary providers, together with banking, mortgage, and wealth administration providers.
“After the merger, Jay and I figured we’d stick round for 3 years or so,” Brian recalled just lately. “However the staff right here at Salem 5 was simply so nice to work with that we determined to remain.”
In doing so, Brian, Jay, and the administration staff at Salem 5 oversaw among the largest modifications within the insurance coverage company enterprise, together with the 2008 regulatory change that launched competitors to the Massachusetts auto insurance coverage enterprise. “Brian might be missed, he has a profound understanding of the insurance coverage enterprise, thought of to be a visionary and considerate chief, a real skilled,” Potter acknowledged.
With retirement approaching, Brian plans to spend time along with his spouse, kids and grandchildren, along with snowboarding and taking part in golf.
“I’m a really lucky man,” Brian mentioned. “I set to work for my dad and my brother for 23 years. I’ve labored for 18 years now with the staff at Salem 5. If I did it once more, I’d do it precisely the identical.”
