Hub International, an insurance brokerage firm, has acquired the assets of New York-based commercial insurance brokerage firm Mark Tauber Insurance Brokerage.
The employees of Tauber Brokerage will become part of the Hub International Northeast team in Brooklyn.
As part of the acquisition, Mark Tauber, president of Tauber Brokerage, will join Hub Northeast reporting to Lon Grayson, senior vice president, Hub Northeast.
Tauber Brokerage handles the property and casualty programs for small to mid-sized businesses throughout the five boroughs of Manhattan and the greater New York metropolitan area, serving a large concentration of clients in the real estate, general construction and volunteer fire and ambulance service industries.
This acquisition will provide Hub Northeast with the opportunity to offer risk control services, employee benefits and personal lines products to Tauber Brokerage’s existing customer base.
Terms of the acquisition were not disclosed.