Global insurance broker HUB International Limited (Hub) reported that it has acquired the assets of Stop Loss Insurance Brokers, Inc. and Berkeley Insurance Brokers, Inc.
Terms of the transaction were not disclosed.
Located in Boston, Massachusetts, Stop Loss Insurance Brokers is an independent broker for medical stop loss for the self-funded municipal market and businesses throughout Massachusetts and New England.
Shawn McLaughlin, president of Hub New England, said that Denise Doyle, president of Stop Loss Insurance Brokers, and the firm’s team will join Hub’s benefits practice.
Headquartered in Chicago, Illinois, Hub International has more than 14,000 employees in offices located throughout North America.
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