NU Online News Service, June 4, 1:45 p.m. EDT
Chicago-based insurance broker HUB International Ltd. said it has acquired the assets of Risk Transfer Insurance Alliance, LLC (RTIA), a Southborough, Mass.-based retail brokerage firm.
Financial terms of the transaction were not disclosed.
Formed in 2002, RTIA, with approximately $3 million in annual revenues, is an insurance brokerage firm with exclusive focus on health care industry clients in New England. The firm has offices in Shelton, Conn., and Portsmouth, N.H.
RTIA offers commercial property and casualty coverage and related risk management consultative services with a specific expertise in medical malpractice, workers' compensation and property insurance as well as related and emerging exposures specific to the health care community.
In connection with this acquisition, RTIA said its team will join the HUB International New England team and remain based in their existing offices. Shawn J. McLaughlin, president of RTIA, will continue to manage the operations of this group reporting to Michael Chapman at HUB International New England.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
