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
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