CHICAGO — Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of The Spofford Group Insurance Brokerage, Ltd. (The Spofford Group). Terms of the transaction were not disclosed.
Located in Hingham, Massachusetts, The Spofford Group is an independent brokerage firm that provides banks, private equity and venture capital firms, investment advisors, hedge and mutual fund companies, publicly traded and privately held companies with management liability, professional liability exposures and related coverages. Their specialization in the financial institutions industry supports Hub’s Specialty practices by complementing and strengthening its existing capabilities.
Rob Spofford, President, and the Spofford Group team will join Hub New England. Spofford will take on a leadership role at Hub to deepen the practice in the East region and nationally.
Source: Hub International
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