HUB International acquires New Hampshire business
HUB International acquires New Hampshire business | Insurance Business America
Insurance News
HUB International acquires New Hampshire business
Deal to expand group’s capabilities and local presence
Insurance News
By
Terry Gangcuangco
HUB International has acquired the assets of Morin Insurance Agency in New Hampshire for an undisclosed sum.
“We are very excited to welcome the talented Morin Insurance Agency team to the HUB New England family,” HUB New England president Shawn McLaughlin said in a release.
“Morin Insurance will help expand our capabilities and presence in New Hampshire and Northern New England allowing deep resources to support our local community.”
Based in Alton Bay, the agency specializes in commercial, life, employee benefits, automobile, and homeowners’ insurance. Under the deal, principals Ron and Stacey Morin will also join the New England unit at HUB.
“This move is significant to the residents of not just Alton and the surrounding towns, but the region,” Ron Morin said when the acquisition was announced.
“In a time when insurance market prices are either going up dramatically or choices are being restricted, we felt aligning with a company that has such broad insurance company access and risk management products would allow our agency to provide what Granite-Staters would expect from their important insurance and risk protections – which is exactly what HUB is able to do.
“For our existing customers, we are well-equipped to provide you with more expanded choices. For new customers, you will find out as our existing customers have, that you may have come for the price or product we can offer but you stay for our service.”
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