Hub International Acquires Maryland-Based Agency
- March 11, 2019
Hub International Acquires Maryland-Based The Insurance Exchange, Inc.
Chicago, IL -- Hub International Limited (Hub) announced that it has acquired The Insurance Exchange, Inc. (The Insurance Exchange). Terms of the transaction were not disclosed.
Based in Rockville, Maryland, The Insurance Exchange is one of the largest independent insurance agencies in the Mid-Atlantic region and provides innovative solutions in the following areas: employee benefits consulting, commercial property & casualty, loss control, bonding, risk management, personal umbrella, home & auto insurance, retirement plan services, wealth management and international insurance.
“With The Insurance Exchange, we are able to expand our services and expertise, and we’re excited to leverage their retirement experience, providing our clients with comprehensive insurance solutions and resources,” said Charles Brophy, Hub’s U.S. East Regional President. “Our continued growth will allow us to stay ahead of the curve in meeting our clients’ needs.”
Joseph Brown, President and CEO of The Insurance Exchange, will join Hub Mid-Atlantic and report to Mr. Brophy.
“Joining Hub will help us elevate our services to clients and grow our expertise – all while staying true to doing what’s best for our clients,” said Mr. Brown. “We look forward to continuing to build an exceptional client experience.”