Hub International has acquired a New England-based retail agency that specializes in property/casualty insurance and related risk management services for the health care industry.
Risk Transfer Insurance Alliance (RTIA) is based in Southborough, Massachusetts — with additional offices in Shelton, Conn., and Portsmouth, N.H.– and generates $3 million in annual revenue. It will become part of Hub’s New England team.
Terms of the deal were not disclosed.
Shawn J. McLaughlin, president of RTIA, will continue to manage the operations of the business for Chicago-based Hub International.
__
Source: Hub
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Jury Finds Johnson & Johnson Liable for Cancer in Latest Talc Trial 
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’ 
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows 
