CHICAGO--(BUSINESS WIRE)--Hub International Limited (Hub), a leading global insurance brokerage, announced today that its subsidiary Hub International Northeast Limited (Hub Northeast) has acquired the assets of The Flood Group, LLC and its affiliate, The Flood Group of Long Island, Inc. (The Flood Group), a Floral Park, NY-based property and casualty brokerage servicing the Tri-state area. Terms of the acquisition were not disclosed.
“The Flood Group’s property and casualty expertise in construction (amongst other industries) and leadership in private client personal lines is well in line with Hub Northeast’s focus,” noted Marc Cohen, President and CEO of Hub Northeast, Regional President, US East, Hub International Limited. “They’ve been a part of the local market community for more than 50 years and have extended that reach to more than 3,500 clients in the Tri-state area.”
The Flood Group‘s operations in Floral Park will relocate to Hub Northeast’s Woodbury, NY office. The firm’s President, Terrence Flood, will join Hub as Vice President for commercial lines reporting to Doug Schenendorf, President of Hub Northeast’s Long Island operations. Brian Flood, the firm’s Vice President will join Hub as Vice President for personal lines reporting to Robert Kleppinger, President, Personal Lines, Hub Northeast.
Hub Northeast has a network of 15 locations and 700 employees throughout New York, New Jersey, Connecticut, Pennsylvania and Rhode Island.
About Hub’s M&A Activities
Hub International is committed to growth through organic efforts and acquisitions. It continues its aggressive pace of identifying and acquiring entrepreneurial brokers that are dedicated and focused on providing local market specialization, while at the same time looking to leverage the resources and tools of a global brokerage. For more information about Hub’s M&A activities visit www.WeAreHub.com.
About Hub International
Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the North America. For more information visit www.hubinternational.com.