Global insurance broker Hub International Limited has acquired Massachusetts-based independent insurance brokerage, Insurance Center of New England, Inc. (ICNE).
Terms of the transaction were not disclosed, but it has been announced that President and Chief Executive Officer (CEO) of ICNE, Bill Trudeau will join Hub New England, reporting to Timm Marini, President of Personal Lines, Hub New England.
ICNE has offices in Agawam and Gardner, Massachusetts, and is one of the largest locally, independent insurance agencies in New England. The firm offers full-service insurance solutions for personal insurance, business insurance and group employee benefits.
Marini commented: “ICNE will expand our presence in western Massachusetts and build on Hub’s core strengths in property and casualty, employee benefits and personal lines solutions. As a market-leading team, ICNE’s depth of experience and knowledge will be a great addition to Hub and will enhance our services to clients in New England.”
Trudeau added: “Hub has a great team of insurance brokers. We look forward to our partnership, which will be a tremendous benefit to our clients.”