Hub International has acquired the William Palumbo Insurance Agency, headquartered in Medfield. Palumbo, founded in 1932, is a full-service insurance brokerage offering property and casualty, personal lines, employee benefits and life insurance products and services. The company currently operates out of six locations in Massachusetts with the majority of its business in Eastern and Central Massachusetts and Rhode Island. In addition, the insurance agency is also the Managing Partner of the Advantage Insurance Agency Network, a strategic alliance of 15 independent agencies that provides access to markets, products, services and expert support.
“We are pleased to join forces with John, Marisa and the entire talented Palumbo team,” said Hub International’s President Charles J. Brophy. “Given their longevity in the marketplace, organic growth, and proven customer service as evidenced by the recognition they receive from the communities they serve, they will be a terrific addition to our team. We look forward to having an expanded presence in Massachusetts, which will enable us to further build on our existing capabilities throughout New England.