Hub International, a global insurance brokerage and financial services firm, has acquired the assets of Allegiant Global Partners (AGP), a consultancy based in Boston, Massachusetts, US.
The financial terms of the deal have not been disclosed.
AGP provides health, welfare and risk consulting services to international non-governmental organisations (NGOs), higher education institutions and domestic non-profits.
AGP’s expertise in the non-profit and education sectors is expected to complement and strengthen Hub International’s specialty and global Benefits capabilities.
The team from AGP, including founder and CEO Jay Bride and president and chief customer officer Denis Guay, will be integrated into Hub’s National Employee Benefits and Hub New England operations.
Bride said: “AGP’s partnership with Hub brings a trove of new resources to existing and prospective clients. We couldn’t be more excited to join a firm dedicated to excellence in every facet of global employee benefits, insurance and risk management.”
Following the acquisition, AGP will be known as AGP, a Hub International company.
Financial advisory services for the transaction were provided by TAG Financial.
Hub Employee Benefits National COO and practice leader Linda Keller stated: “We are excited to welcome AGP to Hub. Their deep expertise in international NGOs, higher education and non-profit industries enhances our ability to deliver even more comprehensive solutions to our clients.
“Together, we are positioned to accelerate growth and unlock new opportunities for the clients we serve.”
This development follows the recent introduction of HUB Private Client Small Business Solutions, an insurance product designed for small business owners with high net worth.
Headquartered in Chicago, Illinois, Hub portfolio includes risk management, insurance, employee benefits, retirement, and wealth management products and services.
“Hub International snaps up Allegiant Global Partners ” was originally created and published by Life Insurance International, a GlobalData owned brand.
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