McDermott Represents Arthur J. Gallagher & Co. in its Acquisition of Eastern Insurance Group, LLC
McDermott Will & Emery represented Arthur J. Gallagher & Co. (Gallagher) in its acquisition of Eastern Insurance Group, LLC (Eastern Insurance), a subsidiary of Eastern Bank. Eastern Insurance offers comprehensive commercial property/casualty and personal lines products as well as employee benefits consulting to clients throughout the Northeast US.
Gallagher is a global insurance brokerage, risk management and consulting services firm providing services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants. Under the agreement, Gallagher will acquire the assets of Eastern Insurance for consideration of $510 million net of agreed seller funded expenses.
Read Arthur J. Gallagher & Co.’s press release here.
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