HUB INTERNATIONAL ACQUIRES ASSETS OF MARK TAUBER INSURANCE BROKERAGE

 

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 Add Title:  HUB INTERNATIONAL ACQUIRES ASSETS OF MARK TAUBER INSURANCE BROKERAGE
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 Location:  Chicago
 Date:    2011-05-09  
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Hub International Limited (Hub), a leading insurance brokerage firm, announced today that it has acquired the assets of Mark Tauber Insurance Brokerage, Inc. (Tauber Brokerage), a Brooklyn, New York-based commercial insurance brokerage firm.  Terms of the acquisition were not disclosed.  The employees of Tauber Brokerage will become part of the Hub International Northeast Limited (Hub Northeast) team in Brooklyn.  Mark Tauber, President of Tauber Brokerage, will join Hub Northeast as part of the acquisition, reporting to Lon Grayson, Senior Vice President, Hub Northeast.

Founded in 1989, Tauber Brokerage handles the property and casualty programs for many small to mid-sized businesses throughout the five boroughs of Manhattan and the greater New York metropolitan area, serving a large concentration of clients in the real estate, general construction and volunteer fire and ambulance service industries. Tauber Brokerage has developed many long-standing relationships and continuously maintains high retention rates, handling the insurance and risk management needs of a large majority of their clients for more than 20 years. This acquisition will provide Hub Northeast with the opportunity to offer risk control services, employee benefits and personal lines products to Tauber Brokerage’s existing customer base.

“We are pleased to welcome the Tauber team and their existing clients to Hub,” said Lon Grayson. “Mark and his highly skilled team have built an impressive operation and are well known and respected within their community. By joining forces with Hub Northeast’s existing Brooklyn office, we will now be an even more powerful force in this territory. We look forward to serving their dedicated customers with many additional value-added services and having the opportunity to present them with new offerings.”

Headquartered in Chicago, Hub International Limited is a leading insurance brokerage providing a broad array of property, casualty, risk management, employee benefits, investment and wealth management products across North America. Hub is dedicated to helping businesses and individuals manage their insurance needs and plan for the unforeseen.  For more information, visit www.hubinternational.com.

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CONTACT:

MEDIA CONTACTS:

Daniel Goldsmith
Hub International Limited
Chief Financial Officer
Phone: 312.279.4840
Daniel.Goldsmith@hubinternational.com

Clark Wormer
Hub International Limited
Director, Mergers & Acquisitions
Phone: 312.279.4848
Clark.Wormer@hubinternational.com

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 SOURCE :   HUB International Limited