Natick, Massachusetts-based astern Insurance Group reports it has acquired the operating assets of Michals Insurance Agency, an insurance agency about 16 miles away in Watertown.
Terms were not disclosed. The transaction marks the 35th acquisition of an independent insurance agency by Eastern Insurance since 2002.
Since 1993, Michals Insurance has served both individuals and businesses and has developed a specialty focused on the national fine arts sector.
Bradly Michals, president of Michals Insurance, said he and his family will be joining the Eastern Insurance family.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Boom in Hyperscale Data Centers Puts Re/Insurers to the Test 
Intersecting Risks and the Future of Construction Insurance 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
US House Passes Bill to Extend Federal Terrorism Backstop Through 2034 
