World insurance coverage dealer Hub Worldwide Restricted introduced that it has acquired the belongings of Fairfield County Financial institution Insurance coverage Providers, LLC. Phrases of the transaction weren’t disclosed.
Headquartered in Ridgefield, Connecticut, with extra workplaces throughout the state and in New York, Fairfield County Financial institution Insurance coverage Providers is an impartial insurance coverage company offering business and private insurance coverage, in addition to worker advantages providers.
In line with the announcement, Mark Connelly, president and chief government officer, together with the Fairfield County Financial institution Insurance coverage Providers group will be part of Hub New England.
Going ahead, the company will likely be known as Fairfield County Insurance coverage Providers, a Hub Worldwide firm.
Shawn McLaughlin, president and chief government officer of Hub New England, mentioned the acquisition “enhances and additional strengthens” Hub’s current capabilities within the area.
B.H. Burke & Co. served as monetary advisor to Fairfield County Financial institution.
Headquartered in Chicago, Hub has greater than 18,000 workers in workplaces positioned all through North America.
Subjects
Mergers & Acquisitions
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