Hub International acquires The Insurance Exchange

Hub International, a global insurance brokerage, has acquired Rockville, Maryland-based Insurance Exchange, one of the largest independent insurance agencies in the Mid-Atlantic region.

The Insurance Exchange provides innovative solutions in employee benefits consulting, commercial property & casualty, loss control, bonding, risk management, personal umbrella, home & auto insurance, retirement plan services, wealth management and international insurance.

Following the deal, Joseph Brown, president and CEO of The Insurance Exchange, will join Hub Mid-Atlantic.

"With The Insurance Exchange, we are able to expand our services and expertise, and we're excited to leverage their retirement experience, providing our clients with comprehensive insurance solutions and resources," said Charles Brophy, Hub's US East regional president. "Our continued growth will allow us to stay ahead of the curve in meeting our clients' needs."

Brown said: "Joining Hub will help us elevate our services to clients and grow our expertise – all while staying true to doing what's best for our clients. We look forward to continuing to build an exceptional client experience."

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