Hub International Limited acquires assets from South Bend financial group
SOUTH BEND, Ind. – The Employee Benefits Division at the Healy Group in South Bend was acquired by Hub International Limited, a brokerage firm based out of Chicago.
The Healy Group provides risk management and financial services. They will continue to operate under the same name.
There is not expected to be any changes to their services.
Rich Preuss, the President of the Healy Group, spoke about the acquisition and how it will benefit everyone involved.
“Within the group insurance world, employers are looking for all sorts of ways to control their cost and provide benefits at an affordable level to their employees,” Preuss said. “It’s complicated. It’s extremely complicated and there are all sorts of different avenues you can go down to figure out how we save money for our employers or how can we provide a higher quality benefit without increasing the price to the employers. So being connected to a larger firm that can provide more services is going to allow those employers more options to look at in terms of how we can accomplish that goal.”
The acquisition was mutually agreed upon by both parties.
Preuss said that the agreement was based on what was best for employees and customers.