Hub International Acquires The Assets Of Massachusetts-Based Dadgar Insurance Agency, Inc.

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Dec 12, 2018, 08:00 ET

CHICAGO, Dec. 12, 2018 /PRNewswire/ -- Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Dadgar Insurance Agency, Inc. (Dadgar Insurance). Terms of the transaction were not disclosed.

Headquartered in Woburn, Massachusetts, Dadgar Insurance is an independent, multi-line insurance brokerage serving both individuals and businesses throughout New England for more than 30 years. Dadgar Insurance has extensive knowledge and deep experience in the hospitality and real estate industries focused on restaurant insurance and habitational insurance. They provide coverage to more than 500 restaurants and 1,500 landlords and apartment building owners throughout Massachusetts and New England.

Dadgar Insurance's focus on the real estate and hospitality industries supports Hub's Specialty practices by complementing and strengthening Hub's existing solutions.

"We're excited to welcome Dadgar Insurance," said Charles Brophy, U.S. East Regional President of Hub. "They add a tremendous amount of experience and depth to our hospitality and real estate practices."

Anowsh Dadgar, President of Dadgar Insurance, will join Hub New England and will report to Mr. Brophy, U.S. East Regional President of Hub.

"Our clients can continue to rely on us to create customized solutions that are specifically designed for their needs," said Mr. Dadgar. "Joining Hub is the ideal situation for our clients and our firm, where we'll be able to offer a broader suite of hospitality and real estate risk services solutions, access to industry specific proprietary products, and stronger relationships with leading carriers in these segments."

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 providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in offices located throughout North America, Hub's vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit www.hubinternational.com.

CONTACT:

Media: Marni Gordon
Phone: 312-279-4601
[email protected]
M&A: Clark Wormer
Phone: 312.279.4848
[email protected]

SOURCE Hub International Limited