People’s United Acquires Eagle Insurance in Massachusetts

April 21, 2016

People’s United Bank, N.A. in Bridgeport, Connecticut, announced Thursday that its subsidiary, People’s United Insurance Agency, has acquired Eagle Insurance Group, a Raynham, Massachusetts-based insurance brokerage. Terms of the transaction were not disclosed.

Formed in 2010, Eagle Insurance Group provides property/casualty insurance, risk management, and consultation services to a diverse clientele including petroleum marketers, contractors, manufacturers, property managers, and trucking companies.

People’s United Insurance Agency is an insurance agency with headquarters in Hartford, Connecticut. It provides personal insurance, employee benefits and commercial insurance through a team of more than 160 professionals. It has eight locations across Connecticut, Massachusetts, New Hampshire, New York and Vermont.

People’s United Bank, N.A. is part of People’s United Financial Inc., a diversified financial services company with over $39 billion in assets. People’s United Bank, founded in 1842, is a community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services, through a network of nearly 400 retail locations in Connecticut, Maine, Massachusetts, New Hampshire, New York and Vermont.

Topics Mergers Massachusetts Connecticut

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