Business
Eastern Insurance Group LLC Acquires Operating Assets of Michals 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 operating
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 operating assets of Michals Insurance Agency, Inc, a full-service insurance agency located in Watertown, MA. The transaction is effective March 1, 2022 and marks the 35th acquisition of an independent insurance agency by Eastern Insurance since 2002.\n\nMichals Insurance has served the insurance needs of individuals and businesses locally, nationally and internationally. “Since its inception in 1993, Michals Insurance has been committed to providing its clients with exemplary customer service and has been a highly respected member of the community and insurance industry,” said Tim Lodge, President and CEO of Eastern Insurance Group LLC. “Michals has served the national fine arts sector for decades, and we believe their consultative approach to serving clients in this sector will expand our offerings and complement our commitment to exceptional client service. We are excited to welcome the Michals team and begin working with this distinguished client group.”\n\nBradly Michals, President of Michals Insurance, added, “We are thrilled to be joining the Eastern family, and look forward to the many new and enhanced opportunities we expect our combined teams to bring to our customers and workplace. My family and I are committed to advancing with Eastern Insurance our shared vision of serving customers with excellence and bringing good to the community.”\n\nAbout Eastern Insurance Group LLC\n\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 34th largest property and casualty agency in the United States. For more information, visit www.easterninsurance.com.\n\nAbout Eastern Bank\n\nFounded in 1818, Boston-based Eastern Bank has more than 120 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, a...