CHICAGO — Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of Fenner and Esler Agency, Inc. (Fenner & Esler). Terms of the transaction were not disclosed.
Founded in 1923 and located in Oradell, New Jersey, Fenner & Esler has been an industry leader in offering professional liability and risk management services to architects, engineers, surveyors and environment professionals.
“We are delighted to add Tim, Kevin and the entire Fenner & Esler team to Hub’s growing specialties,” said Paul Collins, President and CEO of Hub Northeast. “Their expertise and extensive knowledge immediately position Hub to be a leading provider of best-in-class insurance and risk management solutions to architects, engineers, surveyors and environmental consultants.”
“Today is the culmination of a partnership that has existed for over a decade, having worked closely with Hub on behalf of our architect & engineer clients,” said Tim Esler, Principal of Fenner & Esler. “We are thrilled about the opportunities that this relationship with Hub will present for our clients. Through broader market access and with new product solutions, Kevin and I view the combination of our firms as truly being a 1+1=3 outcome.”
Principals Tim Esler and Kevin Esler and their team will join Hub Northeast.
Fenner & Esler will be referred to as Fenner & Esler, a Hub International Company.
MarshBerry served as financial advisor to Fenner & Esler.
Source: Hub International Limited
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