CHICAGO — Hub International Limited (Hub), a leading full-service global insurance broker, announced today that it has acquired Preferred Benefits Services Agency (Preferred Benefits). Terms of the transaction were not disclosed.
Headquartered in Delaware, Ohio, Preferred Benefits provides tailored benefit solutions through technology-based solutions. Mark Pettitt, President and CEO of Preferred Benefits, will join Hub HDH.
“Preferred Benefits will be a great addition to our growing employee benefits team in the region,” said Chet Rhoads, President of Hub HDH. “Our clients will benefit immensely from the depth and breadth of their experience and expertise.”
“Employee benefits and workplace culture are rapidly changing, and with Hub’s resources and services, we’ll continue to help our clients prepare for any challenges that lie ahead,” said Mr. Pettitt.