Hub International Limited announced that Kaye Insurance Associates, Inc. (KIA), the largest retail brokerage unit of Hub’s New York subsidiary, Kaye Group Inc. (KGI), purchased the assets of C. S. Nenner, Inc.S, a Bordentown, New Jersey insurance agency, for an undisclosed amount consisting of cash and Hub International stock.
Nenner, a specialist in transportation and warehousing coverage for trucking businesses, has 15 employees and earned $3 million in revenues in 2001. The firm was founded in 1992 and has been managed by three principals, Howard Nenner, Chairman; Richard Minerva, President and Gregory Kroeger, Secretary/Treasurer, all of whom will remain with the agency, which will stay in Bordentown and operate as a division of KIA.
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