Hub Acquires the Assets of Pinnacle in Massachusetts

December 2, 2016

Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Pinnacle Financial Group and Pinnacle Insurance Agency, a Boston, Mass., based provider of life insurance solutions and services to family offices, affluent families and middle market and large market companies. Terms of the acquisition were not disclosed.

Michael Mingolelli Jr., Pinnacle’s CEO, will join Hub New England and report to Charles Brophy, President and CEO of Hub New England.

“We are delighted to have Michael and his partners David Hauptman, Ken Masters and Marc Mingolelli of Pinnacle join Hub New England,” said Brophy in a press release. “We are looking forward to expanding Pinnacle’s successful platform throughout our region.”

Headquartered in Chicago, Ill., Hub International Limited provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America. Going forward, it is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise.

Source: Hub International

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