Business
As Part of Succession Planning, Eastern Insurance Group LLC Announces Promotion of Timothy J. Lodge to President and CEO Effective January 1, 2022
Outgoing President and CEO John Koegel Will Continue as a Consultant NATICK, Mass.--(BUSINESS WIRE)-- Eastern Insurance Group LLC, a wholly owned subsidiary
About this update from Eastern Bankshares, Inc.
[{"type":"text","content":"\nOutgoing President and CEO John Koegel Will Continue as a Consultant\n\n NATICK, Mass.--(BUSINESS WIRE)--\nEastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, is pleased to announce the promotion of Timothy J. Lodge to President and CEO of Eastern Insurance as part of its succession planning. John Koegel has retired from his role as President and CEO of Eastern Insurance, and has become a consultant to the business, focused on cultivating potential agency acquisition opportunities.\n\n“Tim has been an integral member of our Executive Leadership Team over the past two years overseeing the Commercial Lines Division in addition to serving as lead sponsor of a multi-year project to migrate our operations to a new agency management system,” said John Koegel, outgoing President and CEO of Eastern Insurance. “His knowledge, industry experience and strong relationships, both internally with our colleagues and externally with customers and in the community, position him exceptionally well to lead the business and team. We congratulate him on this well-deserved promotion and look forward to his continued leadership.”\n\nMr. Lodge has over 23 years of experience in the insurance industry, most currently serving as Executive Vice President of Commercial Lines at Eastern Insurance leading a team of more than 170 insurance professionals responsible for delivering an exceptional customer service experience and growing the Commercial Lines Division. He joined Eastern Insurance in 2013 and has taken on roles of increasing responsibility. Previously, he served as Executive Vice President of Strategic Accounts, and was promoted to the Eastern Insurance Executive Leadership Team in 2019. Mr. Lodge began his career as a Casualty Underwriter with Chubb Group of Insurance Companies, and he later spent 12 years at Aon Risk Solutions as Senior Vice President. He is experienced with risk identification, risk mitigation and risk transfer strategies. Mr. Lodge is a Board Member of Junior Achievement and the Insurance Industry Charitable Foundation. He holds a Certified Insurance Counselor (CIC) designation, is a member of the Society of Certified insurance Counselors and is active in several other industry organizations.\n\nIn addition to the new roles of Mr. Lodge and Mr. Koegel, Eastern Insurance is pleased to announce several promo...