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.
Hellman & Friedman’s Hub International Seeks $3 Billion in IPO 
Ranking: Who Are the Insurance Industry’s AI Talent, Maturity Leaders? 
Honda’s Insurance Agency Operations Stall, Services ‘Paused’ 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
