Hub continues M&A spree with another Massachusetts deal

Acquired firm is a multi-line brokerage offering both commercial and personal lines products

Hub continues M&A spree with another Massachusetts deal

Insurance News

By Ryan Smith

Hub International Limited has announced that it has acquired the assets of a Massachusetts-based insurance brokerage. Terms of the acquisition were not disclosed.

Hub has acquired Leitao Insurance Agency. Based in Ludlow, Mass., Leitao is a multi-line brokerage firm that provides commercial and personal lines products.

“The Leitao team will be a welcome addition to HUB New England, and we look forward to having them on board and continuing to serve their valued clients,” said Tim Marini, HUB New England’s president of personal lines.

The acquisition is the latest in a string of purchases by Hub. Earlier this week, the global brokerage announced the acquisition of TYG insurance, another Massachusetts firm. The company also recently acquired Utah-based Spectra Management, an employee group benefits firm. Last month, it acquired Canada-based Pointbreak Consulting, California-based Der Manouel Insurance & Financial Services and Texas-based IPS Advisors.

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