Hub International acquires insurance brokerage assets from Virginia-based agency Pete Webb
CHICAGO, July 9, 2021 / PRNewswire / – International Hub Limited (Hub), a leading global insurance brokerage and financial services company, today announced the acquisition of the insurance brokerage assets of Pete Webb Agency. Terms of the transaction were not disclosed. The owner, Pete webb, was previously part of the exclusive distribution model of Nationwide Mutual Insurance Company (Nationwide) and has moved to an independent broker model.
Situated in Fredericksburg, Virginia, Pete Webb Agency provides personal and business insurance services including home, auto, life and business.
This addition continues to complement and strengthen Hub’s life and health insurance solutions. Since 2019, Hub has added more than 20 agencies that were previously exclusive agents of Nationwide and then became independent.
Mr. Webb and his team will join Hub Mid-Atlantic and maintain his agency presence at their current location in Fredericksburg.
About Hub’s merger and acquisition activity
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the M&A Hub experience, visit WeAre Hub.com.
About Hub International
Based at Chicago, Illinois, Hub International Limited is a leading global insurance brokerage and financial services company providing comprehensive risk management, insurance, employee benefits, retirement and wealth management services. With more than 13,000 employees in offices located everywhere North America, Hub’s vast network of specialists brings clarity to a changing world with tailored solutions and relentless advocacy, so customers are ready for tomorrow. For more information, please visit www.hubinternational.com.
Media: Marni gordon
Mergers and Acquisitions : Clark wormer
SOURCE Hub International Limited