Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, has acquired the assets of the Auburn Insurance Agency Inc., a full-service, family-owned insurance agency based in Natick, Mass.
Founded in 1982 by President Janice Ryan, Auburn Insurance specializes in complex commercial insurance coverage program placement and management. The agency is supported by Austin Ryan and technology that includes a client portal and third-party backroom process outsourcing center to administer insurance programs. It provides property and casualty insurance programs for individuals and businesses in a 16-state program focus.
The transaction is effective October 1, 2020, and marks the 31st acquisition for Eastern Insurance since 2002.
Source: Eastern Insurance Group LLC
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