Hub scoops up yet another former Nationwide agency
Hub International Limited has announced that it has acquired the assets of Bernstein Insurance. Terms of the transaction were not disclosed. The principal owner, Jennifer Bernstein, was previously part of Nationwide Mutual Insurance Company’s exclusive distribution model. She is now joining Hub as an independent broker.
Based in Odenton, Md., Bernstein Insurance provides personal and commercial insurance products, including home, auto, life and business. Jennifer Bernstein and her son, Michael Bernstein, will be joining Hub Mid-Atlantic and will report to Norman Breitenbach, president of the region.
The acquisition follows Hub’s recent swoops for the insurance brokerage assets of Rockville Insurance Agency, Jeffrey Preston Zepp and Charles Rhett Butler, all of whom also transitioned from Nationwide’s exclusive distribution model to independent brokers. Since last year, Hub has acquired 19 agencies that were previously exclusive Nationwide agents.