Hub International Limited, a leading insurance brokerage firm, announced on Monday that it has acquired the assets of Hale Insurance Brokerage, L.L.C. (Hale), a Cranford, New Jersey-based insurance brokerage firm.
Terms of the acquisition were not disclosed. Employees of Hale will become part of the Hub International Northeast Limited (Hub Northeast) operations in Berkeley Heights, New Jersey. Scott Readlinger, Hale’s President and Chief Executive Officer, will join Hub Northeast as part of the acquisition, reporting to Damian Testa, President of New Jersey and Pennsylvania Operations.
Founded in 2003 by several insurance industry veterans, Hale currently offers property and casualty and employee benefits insurance, as well as risk management programs, to a wide range of small to middle market commercial clients, with significant expertise in public entities. Hale also works with thousands of individuals to advise and procure personal insurance programs for all lines of coverage, including auto, homeowners’, and life insurance.
“The Hale team has built a very impressive organization in less than a decade and we are proud to welcome them to Hub,” said Damian Testa. “We are excited to expand our current New Jersey operations by adding very talented staff, and new expertise in the public entities arena. We look forward to providing the Hale clientele with the many value-added services we offer as one of the nation’s largest brokerages.”
Headquartered in Chicago, Hub International Limited is a leading insurance brokerage providing a broad array of property, casualty, risk management, employee benefits, investment and wealth management products across North America. Hub is dedicated to helping businesses and individuals manage their insurance needs and plan for the unforeseen. For more information, visit www.hubinternational.com.