News: Finance

Eastern Insurance Group appoints Brockway as senior vice president

Eastern Insurance Group LLC has appointed Peter Brockway, ARM, CIC, as senior vice president. Brockway, who will work as a sales executive and producer, comes to Eastern Insurance after spending 35 years working at Liberty Mutual, where he was a senior account executive in its national sales department. "Eastern Insurance is excited to welcome Peter to our team," said Hope Aldrich, president and CEO of Eastern Insurance. "Peter brings a wealth of experience to Eastern Insurance from working in a variety of insurance fields for many years." At Liberty Mutual, Brockway filled a variety of roles, working in auditing, property and casualty sales and real estate. He is a member of Liberty's Hall of Fame. Brockway earned his BS in Business Management and Associates Degree in Accounting from Bentley College and is also the president of Sherborn Forest and Trails, a family oriented association that helps families enjoy Sherborn's open space and trail system. Brockway, a graduate of Natick High School, lives in Sherborn with his wife and four children. Eastern Insurance, headquartered in Natick, is a subsidiary of Eastern Bank, the largest independent, mutually owned bank in New England with branches stretching from Merrimack Valley to Cape Cod. Eastern Insurance serves more than 70,000 individuals and businesses and provides a full range of personal and commercial insurance products, surety, and employee benefits services. Eastern Insurance is the largest insurance agency headquartered in Massachusetts and the 36th largest agency in the country.
Tags: Finance
MORE FROM Finance

C-Lounge Capital provides $18m equity investment for $48m acquisition of Fountains of Boca Raton by Interface Properties

Boca Raton, FL C-Lounge Capital provides $18m equity investment for $48m acquisition of Fountains of Boca Raton by Interface Properties. C-Lounge Capital is a relationship-driven family office investment platform backed by more than 50 years of commercial real estate experience.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.