Business

Hub acquires Spofford Group

Rob Spofford, president, and the Spofford Group team will join Hub New England

Hub, a leading global insurance brokerage and financial services firm, has announced that it has acquired the assets of The Spofford Group Insurance Brokerage.

Terms of the transaction were not disclosed.

Located in Hingham, Massachusetts, The Spofford Group is an independent brokerage firm that provides banks, private equity and venture capital firms, investment advisors, hedge and mutual fund companies, publicly traded and privately held companies with management liability, professional liability exposures and related coverages.

Hub said it hopes that the firm’s “specialisation in the financial institutions industry supports it’s specialty practices by complementing and strengthening its existing capabilities”.

Rob Spofford, president, and the Spofford Group team will join Hub New England.

Spofford will take on a leadership role at Hub to deepen the practice in the East region and nationally.

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