Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Nolen Associates Inc. Terms of the transaction were not disclosed.
Located in Springfield, Penn., Nolen Associates is a full-service medical malpractice insurance agency representing more than 1,000 healthcare professionals throughout Pennsylvania, New York, New Jersey, Delaware and Maryland.
The transaction will serve to strengthen Hub’s Healthcare practice, according to a Hub press release. Following the acquisition, Nolen Associates President Ray Nolen and Vice Presidents Patrick Nolen and Michael Nolen will report to Shawn McLaughlin, national practice leader of Hub Healthcare and CSO for Hub New England.
In a separate transaction, Hub has acquired the assets of Dadgar Insurance Agency Inc. Terms of the transaction were not disclosed.
Headquartered in Woburn, Mass., Dadgar Insurance is an independent, multi-line insurance brokerage serving both individuals and businesses throughout New England.
Dadgar Insurance has experience in the hospitality and real estate industries, focused on restaurant insurance and habitational insurance. It provides coverage to more than 500 restaurants and 1,500 landlords and apartment building owners throughout Massachusetts and New England.
Following the transaction, Dadgar Insurance President Anowsh Dadgar will join Hub New England and will report to Charles Brophy, U.S. East Regional President of Hub.
Source: Hub International Limited
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