Global insurance broker HUB International Limited (Hub) reported that it has acquired the assets of Stop Loss Insurance Brokers, Inc. and Berkeley Insurance Brokers, Inc.
Terms of the transaction were not disclosed.
Located in Boston, Massachusetts, Stop Loss Insurance Brokers is an independent broker for medical stop loss for the self-funded municipal market and businesses throughout Massachusetts and New England.
Shawn McLaughlin, president of Hub New England, said that Denise Doyle, president of Stop Loss Insurance Brokers, and the firm’s team will join Hub’s benefits practice.
Headquartered in Chicago, Illinois, Hub International has more than 14,000 employees in offices located throughout North America.
Topics Mergers & Acquisitions Agencies Profit Loss Massachusetts
Was this article valuable?
Here are more articles you may enjoy.
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 
CRC Group CEO on Casualty: ‘It’s More About the Coverage’ Than Price 
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent 
Indiana Church Not Owed Replacement-Cost Payment for Fire Damage 
