29 Mar, 2024
1 min read

HUB INTERNATIONAL EXPANDS MEDICAL STOP LOSS SERVICES WITH ACQUISITION OF THE ASSETS OF STOP LOSS INSURANCE BROKERS, INC. IN MASSACHUSETTS

CHICAGO, July 27, 2022 /PRNewswire/ — HUB International Limited (Hub), a leading full-service global insurance brokerage and financial services firm, announced today that it has acquired the assets of Stop Loss Insurance Brokers, Inc. and Berkeley Insurance Brokers, Inc. (collectively, Stop Loss Insurance Brokers). Terms of the transaction were not disclosed.

Hub International Logo (PRNewsfoto/Hub International Limited)

Hub International Logo (PRNewsfoto/Hub International Limited)

located in Boston, MassachusettsStop Loss Insurance Brokers is a leading independent broker for medical stop loss for the self-funded municipal market and businesses throughout Massachusetts and New England.

“We are thrilled to add such a talented team which expands our expertise in both product and the Public Entity industry,” said Shawn McLaughlin, President of Hub New England. “We are thrilled to have Denise Doyle and the talented Stop Loss Insurance Brokers team join Hub’s benefits practice.”

“Hub is a good fit for our organization,” said Denise Doyle, President of Stop Loss Insurance Brokers. “We are pleased to be partnering with Hub to be able to provide our clients with access to their many programs and markets.”

Stop Loss Insurance Brokers was represented by the consulting firm Authentic Advisors for the transaction.

About Hub’s M&A Activities

Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.

About Hub International

Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 14,000 employees in offices located throughout North America, Hub’s vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for

Read the rest
2 mins read

Mega broker unveils digital platform for personal insurance

Recognizing this demand, HUB International has debuted its new digital platform for personal insurance. The Chicago-based brokerage aims to streamline the insurance quote and purchase process.

Bryan Davis, head of personal lines strategy and business development at HUB, said Viu will allow customers to engage however they want. Whether customers want a swift quote process that cuts down on manual research time, or a range of policy options to compare, the retail platform’s goal is to provide a seamless digital experience.

“Our intention for VIU is to be a full omni-channel experience,” Davis told Insurance Business. “Some customers may want a fully digital experience. Some customers may want a hybrid, where part of the experience they want is digital, but they want to be able to text with or chat with a human. Some would still want to go to a local agent, and we want the experience to be the same.”

Read next: Hub International reveals latest hire and acquisitions

Davis emphasized VIU’s flexibility in allowing HUB to adapt to customers’ needs during their journey. Noting that people’s insurance coverage needs change as they go through different life stages, Davis said HUB developed VIU to help close coverage gaps and provide expert broker advice.

“When their risk changes, whether they added a car, they’re now in a flood zone, or they had a new child, a broker is supposed to be there giving customers advice and counsel. So VIU stays with the customer throughout that,” he explained.

Carrier neutrality is also a distinct element in VIU’s features. The platform offers “comprehensive selection of insurance options powered by unbiased expertise,” according to HUB president and CEO Mark Cohen. It also aggregates customers’ policies in one place regardless of carrier, allowing them full view and control of their level of

Read the rest