Saturday, June 25, 2022
HomeInsurance Business AmericaHub Worldwide acquires Maryland-based dealer Sandy Spring Insurance coverage

Hub Worldwide acquires Maryland-based dealer Sandy Spring Insurance coverage

Sandy Spring Insurance coverage is a subsidiary of Sandy Spring Financial institution; it gives shoppers with a spread of each private and business insurance coverage, together with dwelling, auto, and marine. Sandy Spring Financial institution itself was based in 1868.

Following closure of the transaction, the Sandy Spring Insurance coverage staff will be part of Hub Mid-Atlantic.

“We’re excited to welcome the Sandy Spring Insurance coverage staff to Hub,” stated Hub Mid-Atlantic DC Metro area president Joe Brown. “The staff’s caliber and depth of expertise will assist us proceed to develop within the area and higher serve our shoppers who belief us with their insurance coverage and threat administration wants.”

“Our shoppers will now have entry to an expanded providing of insurance coverage options by way of Hub,” commented Sandy Spring Financial institution govt vice chairman Lou Caceres. “The entire Sandy Spring Insurance coverage Company workers have been provided positions with Hub, and they’re going to proceed to offer excellent service to their shoppers as they all the time have. I wish to thank every of those workers for his or her contributions to Sandy Spring Financial institution and the entire communities that we serve.”

Learn extra: Hub boosts worker advantages providing with newest acquisition

Final month, Hub acquired the APEX World Profit Administration system and associated belongings from Alta Actuaries and Consultants. The addition of Alta’s advantages and consulting providers will bolster Hub’s experience in offering international advantages methods, governance fashions, advantages administration, expertise, and well being and wellbeing packages, the brokerage stated in a press release.

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