Canadian Underwriter

Hub expands New York network

March 3, 2003   by Canadian Underwriter

Print this page Share

Broker network consolidator Hub International Ltd. (TSX: HBG) has acquired the assets of Manhattan, New York-based Waldron Mahoney Inc. for an undisclosed cash sum through the group’s Kaye Insurance Associates Inc. Waldron specializes in serving the insurance needs of high-net worth individuals and mid-sized commercial accounts, generating about US$700, 000 in annual revenue.
Wright Olney, founder and president of Waldron, will remain on with the acquired company in the role of consultant and producer, a company statement says. Damian Testa, president of the retail operations of the Kaye Group, says Waldron is a “perfect fit” in terms of the group’s portfolio of individual and commercial accounts. “The additional premium volume strengthens our relationships with some important carriers.”

Print this page Share

Have your say:

Your email address will not be published. Required fields are marked *