Chicago-based insurance brokerage Hub International has acquired the assets of The Ross Benefits Group, a New York City-based employee benefits brokerage and consulting firm.
Ross provides traditional Health & Welfare Group Insurance services to companies throughout the New York metropolitan area in a wide range of industries, including financial services, law, engineering, education, marketing, advertising, and retail.
They also offer a full suite of advisory and brokerage services for all lines of insurance coverage including Medical, Dental, Short and Long-Term Disability, Accidental Death & Dismemberment, Dental, Vision and Life Insurance.
Ross is the Group Health and Benefits division within The Ross Companies and is the sole division of the Ross Companies affiliated with this transaction.
Following this acquisition, the employees of Ross will become part of the Hub International Northeast team and will move into Hub’s existing office in Manhattan, reporting to Joseph Torella, president of employee benefits division, Hub International Northeast.
Terms of the acquisition were not disclosed.