Hub International Limited (Hub), a global insurance brokerage and financial services firm, has acquired the insurance brokerage assets of Pete Webb Agency. Terms of the transaction were not disclosed.
Owner Pete Webb was previously part of Nationwide Mutual Insurance Company’s exclusive distribution model that has transitioned to an independent broker model.
Located in Fredericksburg, Virginia, Pete Webb Agency provides personal and commercial insurance services, including home, auto, life and business.
Webb and his team will be joining Hub Mid-Atlantic and maintaining his agency’s presence at their current location in Fredericksburg.
This addition continues to complement and strengthen Hub’s personal insurance solutions. Since 2019, Hub has added more than 20 agencies that were previously exclusive Nationwide agents and subsequently became independent.
Source: Hub International Limited
Topics Mergers & Acquisitions Virginia
Was this article valuable?
Here are more articles you may enjoy.
Karen Read Sues Police Agencies That Investigated Her Boyfriend’s Death 
Storage Shed Caused Nashville Parking Garage Fire, Travelers Says in $10M Subro Suit 
Stellantis Tells Owners of 1.3 Million Jeeps to Park Outside Over Fire Concerns 
Judge Won’t Bend on $256M Defamation/RICO Verdict Against Human Rights Lawyer 
