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Hub International Limited Acquires Assets of Ion Insurance Corporation

Hub International Limited Acquires Assets of Ion Insurance Corporation May 10, 2021 Hub International Limited, a global insurance brokerage, has acquired the assets of Ion Insurance Corporation. Terms of the transaction were not disclosed. Headquartered in Cheshire, Connecticut, Ion Insurance is a full service, independent insurance agency providing personal and business insurance solutions throughout the region. David Drescher, managing director of Southern New England, and the rest of the Ion Insurance team will join Hub New England and help to spearhead and execute on Hub’s strategy in Connecticut. Customers of Ion Insurance will see no change in their accounts as a result of the sale, according to Drescher.

Hub International Acquires The Assets Of Connecticut-Based Ion Insurance Corporation

Share this article CHICAGO, May 10, 2021 /PRNewswire/   Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Ion Insurance Corporation (Ion Insurance). Terms of the transaction were not disclosed. Headquartered in Cheshire, Connecticut, Ion Insurance is a full service, independent insurance agency providing personal and business insurance solutions throughout the region. David Drescher, Managing Director of Southern New England, and the rest of the Ion Insurance team will join Hub New England and help to spearhead and execute on Hub s strategy in Connecticut.  We are excited to have David and his talented team join our group to strengthen our commitment and approach to Southern New England, said Shawn McLaughlin, President of Hub New England. With Ion Insurance, we will provide clients with the best of both worlds – the benefits of local services with deep resources and the strength of a national firm.

Ion Bank sells insurance arm to Chicago brokerage firm

Hub International, a global insurance brokerage headquartered in Chicago, has acquired Cheshire-based Ion Insurance Corp., an affiliate of Ion Bank. In a statement released Monday, company officials said Ion Insurance will become part of Hub’s New England unit and “spearhead and execute” on the firm’s strategy in Connecticut specifically. A purchase price was not disclosed. David Rotatori, president and CEO of Ion Bank, said the sale will allow the bank to reinvest into the communities it serves and help finance its continued expansion into other towns and cities in Connecticut. A portion of the proceeds from the sale have been allocated to the Ion Bank Foundation, which contributes to an array of health, education and economic development organizations.

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