Hub makes one other addition to roster

Hub Worldwide has made one other addition to its M&A roster, swooping for Artistic Enterprise Options Group Inc.

A information launch from Hub confirmed its acquisition of the belongings of the worker advantages agency, but it surely didn’t disclose the main points of the transaction. 

Artistic Enterprise Options is positioned in Melville, New York. It makes a speciality of group well being advantages group well being advantages, Medicare plans, ancillary advantages, and property & casualty insurance coverage.

As a part of the acquisition, the agency’s president, Jason Anker, and the remainder of the Artistic Enterprise Options workforce will develop into a part of Hub Northeast.

Elsewhere within the US, Hub has simply added to its Northwest presence with the acquisition of Washington-based Longbow Monetary Companies.

The worldwide brokerage additionally lately launched its 2024 Outlook Govt Survey, revealing a “main hole” between organizations’ perceived and precise threat preparedness.

The survey discovered that three fourths (75%) of organizations declare to be ready for dangers corresponding to disruptions to enterprise operations and financial challenges. Nevertheless, a detailed 76% of organizations had been additionally discovered to lack ample insurance coverage to take care of profitability.

“In at present’s world, threat is ever-present and always evolving, and being ready is now a extra complicated enterprise,” stated Hub president and CEO Marc Cohen in a information launch concerning the survey’s findings. 

“Hub’s advisors work with the C-suite to take a forward-looking method to changing into future prepared. By leveraging insurance coverage to guard their monetary stability and profitability, making investments in information analytics to enhance workforce vitality, monetary wellness and healthcare prices, and constructing a complete enterprise continuity plan to be resilient towards future dangers, they’ll be extra ready.”

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