Eastern Insurance plans to buy Anderson Insurance

Eastern Insurance Group, a Natick subsidiary of Eastern Bank, said it plans to acquire Marshfield-based Anderson Insurance Services Inc.

Anderson specializes in musical instrument insurance as well as offering auto, life, home, boat, annuities, and business insurance, Eastern Insurance said.

Terms of the agreement are not being disclosed, an Eastern spokesman said.

When completed, the acquisition will mean that Anderson customers will have "access to a broader range of products and services," Anderson chief executive Peter Anderson said in a statement.

Eastern Bank of Boston says it is the largest independent, mutually owned commercial banking franchise in New England, with $6.8 billion in assets.
(By Chris Reidy, Globe staff)