Hub International Limited (Hub), a full-service global insurance broker, has acquired Alpha Pension Group Inc. Terms of the transaction were not disclosed.
Headquartered in Boston, Mass., Alpha Pension Group is a retirement consulting firm that provides investment analytics, fiduciary governance and guidance to corporations and nonprofits on retirement planning. Alpha Pension Group was represented by the consulting firm Wise Rhino Group for the transaction.
Following the transaction, Alpha Pension Group President and CEO Rich Cawthorne Chief Financial Officer Mark Salamone will join Hub New England.
This move continues to strengthen Hub’s retirement and wealth management services with the addition of talent and resources to develop more comprehensive strategies for clients. Hub Retirement and Private Wealth (RPW) works to help plan sponsors create an offering that aligns with their business strategy, navigates fiduciary risk and helps employees pursue their financial goals. Hub RPW manages more than $93 billion in assets.
Headquartered in Chicago, Ill., Hub International Limited is a full-service global insurance broker providing risk management, insurance, employee benefits, retirement and wealth management products and services.
Source: Hub International Limited
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