Global insurance broker Hub International Limited announced that it has acquired the assets of Fairfield County Bank Insurance Services, LLC. Terms of the transaction were not disclosed.
Headquartered in Ridgefield, Connecticut, with additional offices across the state and in New York, Fairfield County Bank Insurance Services is an independent insurance agency providing commercial and personal insurance, as well as employee benefits services.
According to the announcement, Mark Connelly, president and chief executive officer, along with the Fairfield County Bank Insurance Services team will join Hub New England.
Going forward, the agency will be referred to as Fairfield County Insurance Services, a Hub International company.
Shawn McLaughlin, president and chief executive officer of Hub New England, said the acquisition “complements and further strengthens” Hub’s existing capabilities in the region.
B.H. Burke & Co. served as financial advisor to Fairfield County Bank.
Headquartered in Chicago, Hub has more than 18,000 employees in offices located throughout North America.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Climate Change Keeps Adding to List of Uninsurable Assets, Allianz Executive Says 
Tech and Finance Sectors Losing 28,000 Jobs Monthly Show AI Impact on Labor 
AssuranceAmerica Suffers Third-Party Data Breach, Customer Data Exposed 
Florida Supreme Court Ruling Could Mean New Pressure to Settle High-Dollar Lawsuits 
