Hub International announced that Hub International Atlantic, based in New Brunswick, has acquired a book of auto dealer business from independent broker Alliance Assurance.
Terms of the acquisition were not disclosed.
Rolf Spangenberg, a producer from Alliance, will join Hub Atlantic bringing with him a depth of experience in the region’s commercial insurance market.
Spangenberg will support Hub Atlantic’s regional efforts to expand its general middle-market business.
Hub International is committed to growth through organic efforts and acquisitions. It continues its aggressive pace of identifying and acquiring entrepreneurial brokers that are dedicated and focused on providing local market specialization, while at the same time looking to leverage the resources and tools of a global brokerage.
Headquartered in Chicago, Hub International is a global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the US, Canada and Latin America.