
Eastern Insurance Group has been sold to Gallagher, a leading global insurance brokerage firm. This significant acquisition marks a new chapter for Eastern Insurance Group, a company with a rich history in the insurance industry.
The sale was announced in [insert date] and is expected to be completed in the coming months. This move is likely to bring about significant changes for Eastern Insurance Group's clients and employees.
Gallagher's acquisition of Eastern Insurance Group is expected to expand its presence in the region, providing clients with access to a broader range of insurance products and services.
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Eastern Bankshares Sells Eastern Insurance Group, To Arthur J. Gallagher & Co
Eastern Bankshares has sold Eastern Insurance Group to Arthur J. Gallagher & Co.
The sale was completed on October 31, as announced by Eastern Bankshares Inc.
Eastern Insurance Group acts as an agent in offering property and casualty insurance, as well as life and health insurance, to both personal and commercial customers.
It serves more than 75,000 individuals and businesses and represents over 50 national and regional insurance carriers.
Robert F. Rivers, chair of Eastern Bankshares and chair and CEO of Eastern Bank, expressed gratitude for the leadership of Eastern Insurance's CEO Tim Lodge and the entire team.
Eastern Insurance is licensed to do business in every state.
Insurance Group Details
Eastern Insurance Gallagher is part of the Arthur J. Gallagher & Co. group, a global insurance brokerage and risk management services firm.
Eastern Insurance Gallagher has a long history, dating back to 1945 when it was founded by Edwin J. Gallagher.
The company offers a wide range of insurance and risk management solutions, from property and casualty insurance to employee benefits and workers' compensation.
Eastern Insurance Gallagher has a strong presence in the Northeast region, with offices in Massachusetts, New Hampshire, and Maine.
They have a team of experienced insurance professionals who work closely with clients to understand their unique needs and provide tailored solutions.
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Their services include risk management consulting, claims management, and employee benefits administration.
Eastern Insurance Gallagher is committed to delivering exceptional service and expertise to its clients.
Their goal is to help clients manage risk and achieve their business objectives.
Eastern Insurance Gallagher has a strong reputation in the industry, with a long history of providing high-quality insurance and risk management solutions.
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Frequently Asked Questions
Is Gallagher an insurer or a broker?
Gallagher is a leading insurance brokerage and risk management company, not an insurer. They specialize in connecting clients with a wide range of insurance products and risk management solutions.
Sources
- https://www.insurancejournal.com/news/east/2023/11/01/746509.htm
- https://coverager.com/gallagher-to-acquire-eastern-insurance/
- https://pbn.com/eastern-bankshares-announces-sale-of-eastern-insurance-group-to-arthur-j-gallagher-co/
- https://www.insurancejournal.com/news/east/2023/09/21/741119.htm
- https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-signs-agreement-to-acquire-eastern-insurance-group-llc-301932574.html
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