Hub International, an insurance brokerage firm, announced it has acquired Maryland-based Raffa Financial Services, an insurance and benefits brokerage and consulting firm.
Terms of the deal were not disclosed. Raffa, headquartered in Rockville, serves the Virginia, Maryland and D.C. area.
Hub, based in Chicago, offers risk management, insurance, employee benefits, retirement and wealth management products, and has more than 13,000 employees in North America, the company said in a news release.
Topics Mergers & Acquisitions Maryland
Was this article valuable?
Here are more articles you may enjoy.
Marsh McLennan Agency to Acquire The Horton Group 
Homebuilders Cut on ‘Sluggish’ Housing Market, Florida Woes 
Hurricane Beryl: Insurers See Minimal Impact, Brace for Active Season 
CSU Research Team Increases Atlantic Hurricane Forecast 
