Global insurance brokerage Hub International Limited has acquired the assets of Bernstein Insurance LLC. Terms of the transaction were not disclosed.
Bernstein Insurance’s principal owner, Jennifer Bernstein, was previously part of Nationwide Mutual Insurance Company’s exclusive distribution model and is now joining Hub as she recently transitioned to an independent broker.
Located in Odenton, Md., Bernstein Insurance provides personal and commercial insurance solutions, including home, auto, life and business. Jennifer and her son, Michael Bernstein, will be joining Hub Mid-Atlantic and will report to Norman Breitenbach, president of the region.
This announcement follows Hub’s recent acquisitions of the insurance brokerage assets of Rockville Insurance Agency Inc., Jeffrey Preston Zepp and Charles Rhett Butler, each of whom also transitioned from Nationwide’s exclusive distribution model to independent brokers.
Since last year, Hub has added 19 agencies that were previously exclusive Nationwide agents and subsequently became independent.
Headquartered in Chicago, Illinois, Hub International Limited is a full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services.
Source: Hub International Limited
Topics Mergers & Acquisitions Agencies
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