Hub International Enhances Liability Services Through Acquisition
Hub International Acquires Fenner and Esler Agency
Hub International Limited, a significant player in the insurance brokerage and financial services sector, has taken a remarkable step in strengthening its professional liability offerings by acquiring Fenner and Esler Agency, Inc. This merger stands as a testament to Hub's commitment to expanding its services and reach within the professional liability arena.
About Fenner and Esler
Established in 1923, Fenner and Esler has garnered a reputation as an industry leader in providing professional liability and risk management services specifically tailored for architects, engineers, surveyors, and environmental professionals. Their experience and expertise make them a valued addition to Hub International's expanding portfolio.
Strategic Importance of the Acquisition
Paul Collins, President and CEO of Hub Northeast, expressed enthusiasm regarding the new partnership, stating, "We are delighted to add Tim, Kevin, and the entire Fenner and Esler team to Hub’s growing specialties. Their robust knowledge will enhance our ability to offer best-in-class insurance solutions to architects, engineers, and related professionals." This acquisition not only emphasizes Hub's drive to enhance its project offerings but also signifies the trust and synergy built over years of closeness with Fenner and Esler.
Leadership Insights
Tim Esler, Principal at Fenner and Esler, echoed this sentiment, noting, "Today marks the culmination of a long-standing partnership. With this acquisition, we are excited about the endless opportunities it presents for our clients. By combining resources and expanding access to various markets, we view this alliance as a perfect fit with mutual benefits." The transition will see Tim Esler and his team transferring to Hub Northeast, where they will continue to operate under the name Fenner and Esler, a Hub International Company.
MarshBerry's Role
In this strategic acquisition, MarshBerry served as the financial advisor to Fenner and Esler, aiding them in navigating the complexities of this transaction. Such partnerships are vital in executing smooth transitions, ensuring both teams align seamlessly.
Hub's Dedication to Growth
Hub International Limited's commitment to expansion, both strategically and organically through acquisitions, showcases its dedication to enhancing its geographical footprint and product expertise. This approach ensures that Hub remains a formidable competitor in the insurance industry, providing tailored solutions that anticipate clients' needs.
Focus on the Future
With over 19,000 professionals spread across North America, Hub International operates with a clear vision — to empower clients through comprehensive risk management, insurance products, employee benefits, and wealth management services. The acquisition of Fenner and Esler is a step forward in this mission, enhancing the global brokerage's ability to adapt to changing market dynamics.
Company Overview
Headquartered in Chicago, Hub International Limited continues to lead as a global insurance broker, focusing on delivering personalized and tailored risk management solutions. Their well-established reputation and vast network are assets that will only strengthen with the inclusion of Fenner and Esler's professional liability capabilities.
Frequently Asked Questions
1. What company has Hub International recently acquired?
Hub International has acquired Fenner and Esler Agency, Inc.
2. What is the primary focus of Fenner and Esler?
Fenner and Esler specializes in professional liability and risk management for architects, engineers, and other professionals.
3. How does this acquisition benefit Hub International?
This acquisition enhances Hub's offerings by adding expertise in professional liability, thus improving service delivery to architects and engineers.
4. Who is the CEO of Hub Northeast?
Paul Collins is the President and CEO of Hub Northeast.
5. What role did MarshBerry play in the acquisition?
MarshBerry acted as the financial advisor to Fenner and Esler during the acquisition process.
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