Hub International, an insurance brokerage firm, announced it has acquired Maryland-based Raffa Financial Services, an insurance and benefits brokerage and consulting firm.
Terms of the deal were not disclosed. Raffa, headquartered in Rockville, serves the Virginia, Maryland and D.C. area.
Hub, based in Chicago, offers risk management, insurance, employee benefits, retirement and wealth management products, and has more than 13,000 employees in North America, the company said in a news release.
Topics Mergers & Acquisitions Maryland
Was this article valuable?
Here are more articles you may enjoy.
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
California Homeowners Insurance Costs Still 41% Below National Average, Report Shows 
Ship Owner Seeks Dismissal of Economic Loss Claims From Baltimore Bridge Collapse 
Hacking Group Claims Major Hack of Novo Nordisk and Attempted $25M Extortion 
