Hub acquires Tennessee benefits firm

Hub acquires Tennessee benefits firm | Insurance Business

Hub acquires Tennessee benefits firm

Hub International has announced that it has acquired the assets of Barnett Corporate Insurers (also known as The Barnett Group). Terms of the acquisition were not disclosed.

The Barnett Group, headquartered in Memphis, Tenn., provides employee benefits to more than 75,000 people. The company focuses on the design, implementation and administration of insurance plans and wellness programs. The Barnett Group has affiliations with more than 80 insurance carriers and third-party administrators.

“Joining Hub allows us to leverage the resources of one of the largest insurance brokers and further build on our commitment to customer service,” said Ed Barnett, founder and president of The Barnett Group. “We are extremely pleased with the opportunity for growth and to be part of a company that shares our culture and commitment to clients’ success. The Barnett Group will continue to service our clients, who will receive, on an ongoing basis, customized guidance and best-in-class service, as well as a more robust suite of retirement and benefit solutions.”

The company will join Hub Gulf South, headed by President Steve Terry. It will continue to operate under the leadership of Ed Barnett, Hub said.

“We’re excited for The Barnett Group to join and strengthen our Hub Gulf South benefits operations,” Terry said. “Together, we will benefit all of Hub Gulf South’s clients. We continue to expand organically and through strategic mergers and acquisitions. Continued investments in operational efficiencies, distribution and, most importantly, client service, will ensure our ability to deliver customized solutions to our customers.”