Hub Worldwide acquires Maryland-based dealer Sandy Spring Insurance coverage

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Sandy Spring Insurance coverage is a subsidiary of Sandy Spring Financial institution; it gives purchasers with a spread of each private and commercial insurance, together with dwelling, auto, and marine. Sandy Spring Financial institution itself was based in 1868.

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

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

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

Learn extra: Hub boosts employee benefits offering with latest 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 a press release.

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