Hub International Acquires The Flood Group in New York

April 7, 2015

Hub International Limited announced that its subsidiary Hub International Northeast Limited has acquired the assets of The Flood Group LLC and its affiliate, The Flood Group of Long Island Inc., a Floral Park, New York-based property/casualty brokerage servicing the Tri-state area. Terms of the acquisition were not disclosed.

The Flood Group has been a part of the local market community for more than 50 years and serves more than 3,500 clients, including businesses, individuals and families throughout the Tri-state area.

The Flood Group’s operations in Floral Park will relocate to Hub Northeast’s Woodbury, New York, office. The firm’s president, Terrence Flood, will join Hub as vice president for commercial lines reporting to Doug Schenendorf, president of Hub Northeast’s Long Island, New York, operations. Brian Flood, The Flood Group’s vice president, will join Hub as vice president for personal lines reporting to Robert Kleppinger, president, Personal Lines, Hub Northeast.

Hub Northeast has a network of 15 locations and 700 employees throughout New York, New Jersey, Connecticut, Pennsylvania and Rhode Island.

Headquartered in Chicago, Hub International Limited is an insurance brokerage that provides property/casualty, life and health, employee benefits, investment and risk management products and services through offices located in North America.

Topics Mergers New York Flood

Was this article valuable?

Here are more articles you may enjoy.