Hub International Boosts Insurance and Employee Benefits Through Acquisition in Connecticut

Hub International Enhances Insurance Solutions with Key Acquisition

Hub International Limited, a prominent global insurance brokerage and financial services firm, recently made headlines with its acquisition of Fairfield County Bank Insurance Services, LLC. This strategic move is set to strengthen the company’s existing offerings in both commercial and personal insurance, alongside employee benefits services, effectively enriching the insurance landscape in Connecticut.

Headquartered in Ridgefield, Connecticut, and possessing additional offices across the state and New York, Fairfield County Bank Insurance Services is recognized as an independent insurance agency that has built a reputation for delivering quality insurance solutions tailored to diverse client needs. The undisclosed terms of the acquisition emphasize the importance of this partnership for Hub International.

Shawn McLaughlin, the President and CEO of Hub New England, shared the sentiment of enthusiasm regarding the acquisition, marking it as a significant addition that will enhance Hub’s capabilities in the region. “FCBIS complements and fortifies our existing offerings, aligning perfectly with our commitment to delivering unparalleled service aimed at addressing the evolving requirements of our clientele,” said McLaughlin. This acquisition is expected to not only bolster their customer service but also expand their range of available services.

The leadership duo from Fairfield County Bank Insurance Services, including President and CEO Mark Connelly, are set to bring their expertise to Hub New England. Connelly expressed his excitement about joining forces with Hub, recognizing their stellar market reputation and the opportunity to collaborate with talented professionals. “We are thrilled to be part of Hub and are keen to leverage our combined strengths to grow and improve the services we provide to our clients,” noted Connelly.

With this acquisition, Fairfield County Bank Insurance Services will be rebranded as Fairfield County Insurance Services, a Hub International company, thus ensuring continuity while enhancing the brand's capabilities. The synergy resulting from this integration is anticipated to provide clients with even broader access to tailored insurance solutions, further establishing both firms' commitment to customer satisfaction.

Hub International’s acquisition strategy is indicative of the firm’s broader objective to not only grow organically but also expand its geographic presence and industry knowledge through strategic acquisitions. The firm has demonstrated a commitment to enhancing its service offerings to keep pace with client demands, ensuring that clients have support and resources at their fingertips.

For over two decades, Hub International has been at the forefront of the insurance service industry, boasting over 18,000 employees across North America. This vast network allows for personalized, risk-managed solutions across various sectors, including risk management, insurance, employee benefits, retirement, and wealth management.

The integration of Fairfield County Insurance Services is expected to further enhance the services available to clients in the region. The firm aims to ensure that all clients continue to receive the exceptional service they have come to expect while also exploring new avenues for growth.

B.H. Burke & Co. served as the financial advisor for Fairfield County Bank Insurance Services in this notable transaction, aiding in a seamless acquisition process. As Hub International embarks on this new chapter, the firm is well-positioned to adapt to the changing dynamics of the insurance marketplace, promising innovation and exemplary service for years to come.

For more insights into the ongoing initiatives and expansion efforts of Hub International, visit WeAreHub.com and keep an eye on their dedicated media center for further developments.