Hub International Limited has acquired the assets of William Palumbo Insurance Agency Inc., a Boston-area based retail brokerage firm. This acquisition allows Hub to expand its presence in Massachusetts, including the Cape Cod region. Terms of the acquisition were not disclosed.
Palumbo employees will now join the Hub International New England team. Previous Palumbo owners John LaRocca and Marisa Palumbo LaRocca will continue to manage the operations of this group and report to Charles Brophy, president of Hub International New England.
Headquartered in Chicago, Hub is an insurance brokerage providing property, casualty, risk management, employee benefits, investment and wealth management products across North America.
Palumbo is a brokerage offering property and casualty, personal lines, employee benefits and life insurance products and services throughout Eastern and Central Massachusetts and Rhode Island. Founded in 1932, Palumbo operates out of six locations in Massachusetts: Medfield (the headquarters office), Franklin, Attleboro, Sandwich, Cotuit and Spencer.
Was this article valuable?
Here are more articles you may enjoy.
OpenAI Finds Evidence Other AI Agents Escaped Containment as it Widens Probe 
Zurich CEO Says Staff Let Go as Regulator Finma Imposes Partial Sales Ban 
NHTSA Says Some Older Ford Cars, SUVs Pose Unreasonable Safety Risks 
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
