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Eastern Insurance Acquires Assets of Massachusetts-Based Barr Insurance
Tuesday 04 May 2021

US-based Eastern Insurance Group LLC has acquired the operating assets of the Massachusetts-based Barr Insurance Agency, Inc., the company said.

Terms of the transaction were not disclosed.

The transaction marks the 34th acquisition of an independent insurance agency for Eastern Insurance since 2002. Terms were not disclosed.

Eastern Insurance Group LLC is a wholly-owned subsidiary of Boston-based Eastern Bank. Licensed to do business in every state, Eastern Insurance serves more than 75,000 individuals and businesses and provides a range of personal and commercial insurance products, as well as employee benefits services.

Eastern Bankshares, Inc. (NASDAQ Global Select Market: EBC) is the stock holding company for Eastern Bank.
Date Published: 04/05/2021