Hub International, a leading global insurance brokerage, announced its acquisition of the assets of Norton Insurance Agency and Norton Financial Services. However, the terms of the acquisition were not disclosed.
The Norton executive team will report to Hub New England chief executive Charles Brophy as they join the organization. The Norton team that will make the transition includes Norton Insurance president Jeff Begin, and Norton Financial president Peter Fendler.
Norton Insurance provides commercial property and casualty, as well as personal lines insurance. Norton financial offers securities and advisory services, as well as employee benefits insurance solutions. The Norton companies are based in Maine, and have additional offices in New Hampshire.
“We are delighted to have Jeff, Peter and the Norton team join Hub New England. We are looking forward to expanding the successful Norton Financial platform throughout our region,” Brophy noted.
Hub is currently undertaking expansion activities through mergers and acquisitions, but is also committed to growing the organization organically to expand its geographic footprint and strengthen industry expertise.
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