The Connecticut-based bank is the 12th largest bank-owned insurance brokerage in the US
People’s United Insurance Agency, a subisdiary of Connecticut’s People’s United Bank, has announced its acquisition of the Eagle Insurance Group, LLC.
“We are very pleased to welcome Eagle Insurance Group to our PUIA team,” said Jack Barnes, President and Chief Executive Officer. “The acquisition deepens our presence in eastern Massachusetts while expanding PUIA’s heating oil and propane supplier relationships and expertise in the commercial segment.”
“Eagle has established itself as a respected, full service agency and customer-focused commercial insurance broker,” said Daniel Casey, President and Chief Executive Officer, PUIA. “We are excited to combine Eagle’s capabilities with PUIA’s broad array of insurance solutions for individuals and businesses through this acquisition.”
For over 15 years Raynham-based Eagle Insurance has focused on being a Massachusetts-based insurance brokerage firm providing property-liability insurance, risk management, and consultation services to a diverse clientele including petroleum marketers, contractors, manufacturers, property managers, and trucking companies.
“We are thrilled to be a part of the People’s United family,” said Michael Cox, Principal, Eagle Insurance Group. “It’s a true win-win for our employees and clients alike.”
More about People’s United
Founded in 1842, Peoples United Bank is a subsidiary of People’s United Financial, Inc. (NASDAQ: PBCT), a diversified financial services company with over $39 billion in assets. Focusing in the Northeast, the bank offers both commercial and retail banking, along with wealth management services in over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.