Hub International announced this month that is has acquired the assests of Massachusetts-based BenefitsMart, LLC. Begun in Burlington in 1993, BenefitsMart specializes in employee benefits and provides a full range of services to its clients including insurance, compliance, wellness, and benefits administration.
According to the terms of the acquisition BenfitsMart’s Founder and President, Jean Russell, LIA, will join Hub New England upon completion of the transaction. In addition to founding BenefitsMart LLC, Ms. Russell has been an active volunteer and is on the Board of Governors of Tufts Medical Center and the Executive Committee of the University of Massachusetts Commonwealth Compact.
She is also a past Council Member of the Health Care Quality and Cost Containment Council for State of Massachusetts as well as a Past President Massachusetts Association of Health Underwriters.
More about Hub New England
Hub New England is part of Hub International, a top 10 global insurance broker offering property and casualty, life and health, employee benefits, investment and risk management solutions.
Based in Wilmington, Hub New England now boasts over 485 employees working in more than 18 locations in Massachusetts, New Hampshire and Rhode Island.
According to a Boston Business Journal 2015 ranking of Massachusetts insurance brokers, Hub New England has overtaken the Marsh & McLennan Agency to become the second largest insurance broker in Massachusetts after USI Insurance. The second largest insurance broker in the Commonwealth, Hub International’s 2014 Volume Premium-Dollar Volume in Massachusetts was $1,082,000,000 dollars, with 60% percent of its business focused in Commercial Lines, 25% in Personal Lines and 15% in Life Insurance.
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