Canton, Mass.-based OneBeacon Insurance Group said it has signed an agreement to acquire Entertainment Brokers International Insurance Services (EBI), a managing general agency specializing in the entertainment, sports and leisure industries. Terms of the deal were not released.
The sale is expected to close early in the third quarter, OneBeacon said.
EBI, based in Los Angeles, provides commercial insurance products including professional liability coverage from its headquarters and New York City. EBI also provides excess workers' compensation coverage as a wholesaler from its Westlake Village, Calif. office, said OneBeacon. EBI has been in business since 1989.
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