Hub International Acquires The Assets Of Massachusetts-Based Multi-line Brokerage
- December 17, 2018
Hub International Acquires The Assets Of Massachusetts-Based Dadgar Insurance Agency, Inc.
Chicago, IL -- Hub International Limited (Hub) announced that it has acquired the assets of Dadgar Insurance Agency, Inc. (Dadgar Insurance). Terms of the transaction were not disclosed.
Headquartered in Woburn, Massachusetts, Dadgar Insurance is an independent, multi-line insurance brokerage serving both individuals and businesses throughout New England for more than 30 years. Dadgar Insurance has extensive knowledge and deep experience in the hospitality and real estate industries focused on restaurant insurance and habitational insurance. They provide coverage to more than 500 restaurants and 1,500 landlords and apartment building owners throughout Massachusetts and New England.
Dadgar Insurance's focus on the real estate and hospitality industries supports Hub’s Specialty practicesby complementing and strengthening Hub’s existing solutions.
“We’re excited to welcome Dadgar Insurance,” said Charles Brophy, U.S. East Regional President of Hub. “They add a tremendous amount of experience and depth to our hospitality and real estate practices.”
Anowsh Dadgar, President of Dadgar Insurance, will join Hub New England and will report to Mr. Brophy, U.S. East Regional President of Hub.
“Our clients can continue to rely on us to create customized solutions that are specifically designed for their needs,” said Mr. Dadgar. “Joining Hub is the ideal situation for our clients and our firm, where we'll be able to offer a broader suite of hospitality and real estate risk services solutions, access to industry specific proprietary products, and stronger relationships with leading carriers in these segments.”