Keystone Insurers Group

Keystone Insurers Group, based in Northumberland, Pennsylvania, operates as a network empowering independent insurance agencies through a franchise model, offering tools, expertise, and carrier access. The group supports over 230 independent agency partners across 14 states with approximately 200 employees, ranking as the 3rd largest independent agency network in 2019. It transitioned to a franchise model in 1999 after its 1983 cooperative origins, and in 2020, launched Keystone Agency Investors with Bain Capital Credit, targeting over $500 million for retail agency acquisitions. Led by CEO David Boedker, the organization was later acquired by Keystone Agency Partners, forming a national network-broker platform. Keystone Insurers Group was founded in 1983 by four central Pennsylvania independent insurance agencies. Its business model centers on franchise fees and services from independent agency partners, participant- and employee-owned, with investments like Bain Capital Credit for agency acquisitions.