Business
Eastern Insurance Group LLC Acquires Assets of NorthBridge Insurance Agency, Inc.
NATICK, Mass.--(BUSINESS WIRE)-- Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, announced today that it has acquired the assets of
About this update from Eastern Bankshares, Inc.
[{"type":"text","content":" NATICK, Mass.--(BUSINESS WIRE)--\nEastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, announced today that it has acquired the assets of the NorthBridge Insurance Agency, Inc., a full-service insurance agency located in Concord, MA. The transaction is effective April 1, 2021 and marks the 33rd acquisition of an independent insurance agency for Eastern Insurance since 2002.\n\nNorthBridge Insurance has assisted individuals and businesses with personal and business insurance coverages since 1997. “For decades, NorthBridge Insurance has been dedicated to excellence in the insurance industry. Its customer service, work with insurance carriers and involvement in the community are highly regarded, and we are excited to welcome the team to our organization,” said John Koegel, President and CEO of Eastern Insurance Group LLC.\n\nCarol Wilson, President of NorthBridge Insurance, added, “Insurance is our passion, as is offering insurance service that exceeds expectations to individuals, businesses and families. Eastern Insurance stands for all that we believe in–providing the best products and services to our clients, a great place to work and giving back to the community–and we are thrilled to be joining with them and offering more opportunity to our customers and employees.”\n\nAbout Eastern Insurance Group LLC\nEastern Insurance Group LLC, headquartered in Natick, Massachusetts, is a wholly-owned subsidiary of Eastern Bank. Licensed to do business in every state, Eastern Insurance serves more than 75,000 individuals and businesses and provides a full range of personal and commercial insurance products, as well as employee benefits services. Representing more than 50 national and regional insurance carriers, Eastern Insurance is recognized as one of the largest insurance agencies headquartered in Massachusetts and the 30th largest property and casualty agency in the United States. For more information, visit www.easterninsurance.com.\n\nAbout Eastern Bank\nFounded in 1818, Boston-based Eastern Bank has more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. As of December 31, 2020, Eastern Bank had approximately $16.0 billion in total assets. Eastern provides banking, investment and insurance products and services for consumers and businesses of all...