Friday, December 2nd, 2022

Hub Worldwide acquires Maryland-based dealer Sandy Spring Insurance coverage

Sandy Spring Insurance coverage is a subsidiary of Sandy Spring Financial institution; it offers shoppers with a spread of each private and business insurance coverage, together with residence, auto, and marine. Sandy Spring Financial institution itself was based in 1868.

Following closure of the transaction, the Sandy Spring Insurance coverage crew will be part of Hub Mid-Atlantic.

“We’re excited to welcome the Sandy Spring Insurance coverage crew to Hub,” stated Hub Mid-Atlantic DC Metro area president Joe Brown. “The crew’s caliber and depth of expertise will assist us proceed to develop within the area and higher serve our shoppers who belief us with their insurance coverage and threat administration wants.”

“Our shoppers will now have entry to an expanded providing of insurance coverage options via Hub,” commented Sandy Spring Financial institution government vp Lou Caceres. “All the Sandy Spring Insurance coverage Company staff have been supplied positions with Hub, and they’re going to proceed to offer excellent service to their shoppers as they all the time have. I need to thank every of those staff for his or her contributions to Sandy Spring Financial institution and the entire communities that we serve.”

Learn extra: Hub boosts worker advantages providing with newest acquisition

Final month, Hub acquired the APEX World Profit Administration system and associated belongings from Alta Actuaries and Consultants. The addition of Alta’s advantages and consulting providers will bolster Hub’s experience in offering international advantages methods, governance fashions, advantages administration, know-how, and well being and wellbeing applications, the brokerage stated in an announcement.

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