Global insurance broker Hub International has acquired the assets of Fairfield County Bank Insurance Services, strengthening its presence in Connecticut and New York.
The financial terms of the deal remain undisclosed.
Fairfield County Insurance Services, headquartered in Ridgefield, Connecticut, provides insurance solutions including commercial, personal and employee benefits services.
The move is part of Hub’s initiative to grow through acquisitions, thereby increasing its geographic footprint and enhancing industry expertise.
Fairfield County Insurance Services president and CEO Mark Connelly, along with his team, will now operate under the Hub New England umbrella.
From now, it will be known as Fairfield County Insurance Services, a Hub International company.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataB.H. Burke & Co. acted as the financial advisor to Fairfield County Bank Insurance Services during the transaction.
Hub New England president and CEO Shawn McLaughlin said: “Fairfield County Bank Insurance Services complements and further strengthens our existing capabilities in the region. FCBIS is a strong addition to our team and underscores our focus on providing our clients with the best possible services to address their growing needs.”
Connelly stated: “Hub has a stellar reputation in the market. We are excited to join Hub and work with talented individuals to help grow and expand our resources and services for our clients.”
Recently, Hub partnered with CyberCube to enhance cyber risk analytics for its clients across North America.
This collaboration empowers Hub’s professional & executive risks (ProEx) team to offer tools for navigating the complex cyber risk landscape.
Based in Chicago, Illinois, Hub International offers products and services including risk management, insurance, employee benefits, retirement solutions and wealth management.