This marks the Eastern’s 31st acquisition since 2002
Eastern Insurance Group, one of Massachusetts largest insurance agency’s has acquired the Auburn Insurance Agency, Inc. The purchase, which was effective as of October 1, 2020, marks the Natick-based Insurance Group’s 31st acquisition since 2002.
Founded in 1982 by President Janice Ryan, Auburn Insurance is a family-owned independent insurance agency based in Sudbury. The agency’s niche focuses on complex commercial insurance coverage program placement and management. It also employs the latest technology, including a client portal and third-party backroom process outsourcing center, to seamlessly administer its P&C insurance programs to both individuals and businesses in a 16 state program. According to the terms of the transaction, Ms. Ryan will join the Eastern Insurance Group upon completion of the transaction.
“Since founding Auburn Insurance Agency 38 years ago, Jan Ryan has received many honors for unique insurance programs, all distinguished by a commitment to outstanding customer service delivery,” said John Koegel, President and CEO of Eastern Insurance Group LLC. “Her practice areas, which include specialty niches in real estate, fraternal organizations, non-profits, and commercial insurance, complement our existing practices and others where we are looking to grow, and we are delighted to welcome her to the Eastern Insurance family.”
Janice Ryan, Auburn’s President, added, “Eastern Insurance is well versed in program business and insuring complex insurance risks, and offers a wonderful platform and supporting resources to enhance our specialty offerings. We share a commitment to serving our customers with excellence and bringing good to the community, and I look forward to joining the team.”
More about the Eastern Insurance Group
Headquartered in Natick, Massachusetts, Eastern Insurance is a wholly-owned subsidiary of Eastern Bank. Licensed to do business in every state, Eastern Insurance serves more than 75,000 individuals and businesses and provides a full range of personal and commercial insurance products, as well as employee benefits services. Representing more than 50 national and regional insurance carriers, Eastern Insurance is recognized as one of the largest insurance agencies headquartered in Massachusetts and the 30th largest property and casualty agency in the United States.