World-wide insurance policy brokerage Hub International Constrained has introduced the acquisition of The TAMRAC Team, a Maryland-based mostly insurance policies firm. Conditions of the transaction have been not disclosed.
TAMRAC specializes in particular and professional insurance. The business focuses on giving coverage for organizations in the auto service and maintenance, cannabis, food items, and hospitality industries. The acquisition supports Hub’s modern launch of its specialty methods by complementing and strengthening Hub’s current companies, the corporation explained.
Keith Erdman, president of TAMRAC, will sign up for Hub Mid-Atlantic. He will report to Norman Breitenbach, president of Hub Mid-Atlantic.
TAMRAC is the second Maryland-based enterprise among the Hub’s new acquisitions. Previous week, Hub announced the acquisition of Annapolis-dependent Insurance Administration Associates, a total-company particular and business insurance policies company.