Associated Press | Hub International Ltd., a privately owned insurance brokerage, said Tuesday it has acquired Risk Transfer Insurance Alliance LLC.
Chicago-based Hub International did not disclose financial details of its acquisition of Risk Transfer Insurance, a retail brokerage focusing on health care industry clients. Risk Transfer Insurance has about $3 million in annual revenue. It has headquarters in Southborough, Mass., with offices in Shelton, Conn., and Portsmouth, N.H.
Employees of Risk Transfer Insurance will remain based in their existing
offices, with the company joining Hub International’s New England
Shawn McLaughlin, president of Risk Transfer Insurance, will continue to
manage the group’s operations, reporting to Michael Chapman at Hub
International New England.