Hub International Limited announced that Kaye Insurance Associates, Inc. (KIA), the major retail brokerage unit of the company’s New York hub, Kaye Group Inc. (KGI), purchased the assets of Waldron Mahoney Inc. (Waldron), a Manhattan-based broker specializing in insurance for high net-worth individuals and mid-sized commercial accounts.
Waldron, which generates approximately $700,000 in annual revenue, was founded in 1924, and its owner and President, W. Wright Olney, has been with the firm since 1961. Olney will serve as a consultant and producer for KIA.
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