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Eastern Insurance Acquires Auburn Insurance to Strengthen Capabilities in Insurance Coverage
Friday 23 October 2020

Massachusetts, US-based Eastern Insurance Group LLC has acquired the assets of Massachusetts-based Auburn Insurance Agency, Inc. to expand capabilities in insurance coverage programme placement and management, the company said.

Terms of the transaction were not disclosed. The transaction marks the 31st acquisition for Eastern Insurance since 2002.

The agency is supported by technology that includes a client portal and third party backroom process outsourcing centre to seamlessly administer insurance programmes. It provides property and casualty insurance programmes for individuals and businesses in a 16-state programme focus.

Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, is licensed to do business in every state, Eastern Insurance provides a full range of personal and commercial insurance products, as well as employee benefits services.

Boston-based Eastern Bank has more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island.
Date Published: 23/10/2020