Hub bolsters Northeast presence with acquisition

Broking giant adds retirement plan consulting firm to its roster

Hub bolsters Northeast presence with acquisition

Insurance News

By Ryan Smith

Hub International Limited has announced that it has acquired the assets of Renaissance Benefit Advisors Group (RBA). Terms of the transaction were not disclosed.

RBA is a retirement plan consulting and institutional investment advisory firm that helps retirement plan sponsors meet and manage their fiduciary responsibilities under the Employment Retirement Income Security Act. It has locations in New York City and Atlanta.

As part of the acquisition, RBA founder Ellen Lander and her team will join Hub Mid-Atlantic.

“The commitment of Ellen and the RBA team to being a trusted fiduciary partner to their clients makes them an excellent fit for Hub as we continue to grow our presence in the Northeast,” said Joe DeNoyior, president of Hub Retirement and Private Wealth.

“We’re excited to be joining the Hub team,” Lander said. “They share our deep commitment to provide an unsurpassed level of proactive service, and we’re confident that they are the right choice in supporting us and our clients as we continue to grow.”

RBA is the latest in a string of acquisitions for the global broker. Last week, Hub announced the acquisition of Maryland-based Franklin Financial Group. Last month, the company announced the acquisition of Virginia-headquartered Asset Protection Group and Oregon-based Great Basin Insurance.

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