Hub International Limited (Hub), a global insurance brokerage, has acquired property and casualty books of business from, and hired, insurance agents Matthew Lennon, Craig Love, Frank and Michael Namath.
Each of the agents were previously part of Nationwide Mutual Insurance Co.’s exclusive distribution model and are now joining Hub as they shift to becoming independent agents. The agents will work with Hub’s personal insurance products.
Lennon, Love and the Namaths provide personal and commercial insurance products, including home, auto, life and business. They are based in the following cities in Pennsylvania: Hatboro, Mount Carmel and Aliquippa.
Neil Hughes, president of Hub’s U.S. Central Region, said it is a priority for the company to continue to offer an independent platform for them and other agents who join Hub.
This announcement follows Hub’s recent acquisition of Cosaint Insurance Partners last month, which recently shifted from Nationwide’s exclusive distribution model to an independent broker.
Nationwide announced in April 2018 that it would shift to an independent agency distribution model by 2020. Roughly 2,000 of its existing agents operating under the Nationwide brand have been given the opportunity to transition to the independent agency model, according to the company, which already has relationships with more than 10,000 independent agents across the U.S.
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