OUR MISSION
We accomplish this by enhancing our comprehensive services and expertise and by continually investing in our people, technology and infrastructure.
Take ownership and be accountable in our work. Conduct ourselves with the utmost professionalism. And above all, serve with integrity and respect.
Savoy is a strategic partner specializing in general agency and consulting services where our focus is helping brokers. With more than 39 years’ experience, Savoy’s innovative approach to business has been changing the way brokers and insurance consultants think about health insurance and employee benefits for their clients. Savoy’s relationships and longstanding history in the employee benefits industry continues to bring growth and new opportunities to our partners.
Today, Savoy is a proudly independent boutique agency that provides a full suite of health and specialty benefits, individual health and life insurance, Medicare, a multichannel Contact Center, compliance and human resources services, technology, research, education, marketing and other innovative solutions through its offices in New York, New Jersey, Connecticut, Pennsylvania, Delaware and Florida.
Donald Savoy, Sr. opens Savoy Associates and begins operations as an individual and corporate life insurance, employee benefit plans, and actuarial consulting service agency, located in Florham Park, NJ.
1 employee
Don Savoy, Jr. joins Savoy Associates, after working as a special risk underwriter at American International Group in New York City.
2 employees
We are awarded our first general agency contract.
Donald Savoy, Sr. retires after a successful 45-year career in insurance; Don Savoy, Jr. becomes President.
We hire our third employee and begin to develop and build the beginnings of the premier wholesale agency distribution model that we operate under today.
3 employees
As Small Employer Health Reform in New Jersey becomes effective, we continue to establish our general agency with contracts from premier carriers who embrace our distribution model. Our focus shifts to support our carrier and broker partnerships, exclusively as a wholesale general agency.
5 employees
From 1994 to 2003, we experience tremendous growth and gain market share in Northern and Central New Jersey and New York. We open a satellite office in Hamilton, NJ to better serve the brokerage community in Central and Southern New Jersey and Southeastern Pennsylvania.
25 employees
We establish our continuing education school, Savoy Associates Insurance Education Services, to help our brokers expand their product and industry knowledge and provide continuing education credits.
We move our Florham Park operations to 25B Hanover Road to accommodate our continued growth.
40 employees
Our New York City office opens at Two Penn Plaza, serving brokers located in the Downstate New York, Southern Connecticut, Long Island, and Northern New Jersey.
The Radnor, PA office opens to better serve the brokerage community in the five-county Philadelphia area.
We proudly celebrate our 25th Anniversary!
60 employees
We open an office in Wilmington, DE to better serve our expanding brokerage.
70 employees
The New York City office expands and moves to One Penn Plaza.
We acquire JLI Associates, expanding our reach throughout Pennsylvania and Delaware.
Our Wilmington, DE office expands and moves to Newark, DE.
The Radnor, PA office moves to Center City Philadelphia, PA and we open our first office on Long Island in Melville, marking our continued expansion in the New York market.
90 employees
We continue to grow throughout Southern New Jersey with the opening of our new satellite office in Marlton, NJ.
We continue to expand throughout Southern New Jersey to further accommodate our growing team and footprint.
Savoy proudly celebrate its 30th anniversary!
Our Long Island office moves to Woodbury, NY to better accommodate continued growth in the New York market.
We acquire Health Insurance Associates (HIA), the largest independent health insurance general agency in Delaware, further expanding resources for the Consumer and Senior markets.
Savoy opens its Contact Center in Delaware.
160 employees
Savoy acquires Morstan Plus to expand our general agency resources with premier carriers for individual life, disability and long-term care insurance.
Savoy launches its new website, providing brokers streamlined tools and resources to help them better serve their clients.
To better align with our educational vision, Savoy Academy becomes the new name for our CE school.
Florida Blue selects Savoy as a newly designated general agency partner to better serve brokers in developing their business growth.
We open offices in Florida to better serve our expanding business.
....
By working with Savoy, you gain access to a wide range of insurance products, resources and technology to support your employer and consumer clients.
In short, we help insurance brokers offer more expertise and options to their clients without additional work or in-house experience. Contact our team today to learn more about working with Savoy.
Copyright © 2024 Donald C. Savoy, Inc. All Rights Reserved.
Savoy Associates® is a registered trademark and assumed name for an insurance producer licensed in these states. This site contains content and resources provided by third parties, and all content and resources are provided for informational purposes only. Speak with a licensed professional at Savoy Associates for details regarding insurance product offerings.