Eastern Bankshares, Inc. Announces Agreement to Sell the Insurance Operations of Eastern Insurance Group, LLC to Arthur J. Gallagher & Co. and Enters Into Definitive Agreement to Merge with Cambridge Bancorp
Eastern Bankshares, Inc. (“Eastern” or the “Company”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced that its wholly owned subsidiary Eastern Insurance Group, LLC (“Eastern Insurance”) today entered into a definitive agreement to sell its insurance operations to Arthur J. Gallagher & Co. (
NYSEAJG) (“Gallagher”) for approximately $510 million (“the insurance transaction”). Also today, Eastern and Cambridge Bancorp
NASDAQ: CATCNASDAQCATC)
Arthur J. Gallagher & Company (NYSE: AJG) Records 52-Week High Friday MorningShares of Arthur J. Gallagher & Co. (
NYSEAJG) traded at a new 52-week high today and are currently trading at $226.26. So far today, approximately 61,021 shares have been exchanged, as compared to an average 30-day volume of 921.55k shares.
Fenniman Elected President of Insurance Brokers' Association of the State of New YorkFenniman Elected President of Insurance Brokers’ Association of the State of New York - IssueWire
Gallagher Joins Nashville Yards as Founding Partner, Expanding Company Presence in Downtown Nashville
Gallagher, a global insurance brokerage, risk management, and benefits consulting services firm, has entered into a strategic agreement with Southwest Value Partners (SWVP) and AEG, joint venture partners and co-developers of Nashville Yards’ entertainment district and music venue, to become the next Founding Partner of the 18-acre Nashville Yards.
Rod Campbell Joins aDolus as CEOSeasoned financial and advisory executive to drive growth