Hub Global Restricted (Hub), a number one international insurance coverage brokerage and monetary services and products company, introduced lately the purchase of Built-in Advantages Staff Insurance coverage Brokerage, Inc. (IBG), a Stoneham, Massachusetts-based worker advantages company. This strategic transfer additional strengthens Hub’s presence within the New England marketplace and complements its functions in offering complete worker advantages answers.
Main points of the Acquisition
IBG supplies worker and team receive advantages insurance coverage and administrative services and products for small to medium companies. The purchase, finalized on July 12, 2024, will see IBG’s operations seamlessly built-in into Hub New England, working below the identify “Built-in Advantages Staff Insurance coverage Brokerage, Inc., a Hub Global corporate.”
Management Transition
Tony Maffeo, CEO of IBG, together with his workforce of seasoned execs, will sign up for Hub New England as a part of this acquisition. Maffeo has devoted his profession to advising trade leaders on leading edge receive advantages methods, that specialize in instructing workers, leveraging generation, and imposing confirmed cost-saving methods.
Shawn McLaughlin, President of Hub New England, expressed enthusiasm concerning the acquisition, declaring, “We’re excited to welcome Tony and the IBG workforce to Hub. We look ahead to improving and supporting the IBG shoppers with the intensity of our sources, in addition to including an excessively proficient team of pros to our workforce!”
IBG’s Strengths and Functions
IBG has constructed a powerful recognition for leveraging generation to toughen get admission to to advantages, providing cost-saving methods for insurance coverage renewals, and offering 24/7 get admission to to advantages knowledge. Those functions align completely with Hub’s dedication to handing over state of the art answers within the ever-evolving panorama of worker advantages.
Synergies and Integration
The combination of IBG into Hub New England is predicted to create synergies that can receive advantages each present and new shoppers. IBG’s specialised wisdom in streamlined plan management and cost-effective receive advantages methods will supplement Hub’s intensive sources and repair choices.
Advantages to Small-to-Medium-Sized Purchasers
This acquisition is poised to carry important benefits to IBG’s present shoppers, who will now have get admission to to Hub’s huge vary of insurance coverage and monetary services and products. As highlighted through Shawn McLaughlin, Hub’s intensity of sources will fortify and enhance IBG’s shopper base. Concurrently, Hub’s shoppers stand to have the benefit of IBG’s experience in crafting adapted receive advantages answers for small and medium-sized companies.
About Hub Global
Hub Global Restricted is a number one full-service international insurance coverage dealer and monetary services and products company that gives possibility control, insurance coverage, worker advantages, retirement, and wealth control services. With greater than 14,000 workers in places of work during North The united states, Hub’s huge community of consultants brings readability to a converting global with adapted answers and unrelenting advocacy so shoppers are in a position for day after today. For more info, please seek advice from www.hubinternational.com.
About Built-in Advantages Staff Insurance coverage Brokerage
Built-in Advantages Staff Insurance coverage Brokerage, Inc. (IBG), founded in Stoneham, Massachusetts, is a premier supplier of worker and team receive advantages insurance coverage and administrative services and products for small to medium-sized companies. Identified for its leading edge method to advantages management, IBG provides a complete suite of services and products, together with scientific, dental, and imaginative and prescient insurance coverage. The corporate is dedicated to leveraging generation to streamline advantages enrollment and management whilst handing over important charge financial savings to its shoppers. For more info, seek advice from www.ibgbenefits.com.
