New transaction sizzling on the heels of current offers and key addition
Hub Worldwide Restricted has snapped up the property of Versatile Advantages Plans (FBP) for an undisclosed sum.
Headquartered in Valley Forge, Pennsylvania, FBP gives brokers with superior companies, sources, and entry to insurance coverage carriers. This enables shoppers to boost the effectiveness of worker profit applications.
With over 20 years of experience, FBP focuses on areas resembling human sources know-how, strategic planning, service entry and assist, advantages administration, and renewal administration.
Thomas Olejar, FBP’s president and chief government, together with the complete FBP crew, will combine with Hub’s Larger Philadelphia operations.
Hub Larger Philadelphia president Dennis O’Neill commented: “We’re excited to welcome Tom Olejar and FBP to our rising crew in Hub Larger Philadelphia.
Following the acquisition, FBP will function beneath the identify Versatile Advantages Plans, Inc., a Hub Worldwide Firm.
The deal comes on the heels of Ilana Shulman’s appointment as chief compliance officer on the insurance coverage brokerage.
“Ilana is a strategic enterprise associate, trusted advisor, and great addition to our authorized and compliance crew,” John Albright, Hub’s chief authorized officer, famous in August.
“She has intensive expertise working within the extremely regulated healthcare sector, in addition to company governance, business contracting, license preparations, compliance/ethics, and public affairs/coverage.
“Her experience will additional Hub’s potential to efficiently navigate the ever-changing enterprise and regulatory landscapes.”
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