Hub International acquires Spectra Management
Global insurance brokerage Hub International in March 2018 announced that it has acquired the assets of Spectra Management.
Headquartered in Sandy, Utah, Spectra specializes in helping companies create employee benefits packages that ‘achieve the delicate balance between financial goals and company culture’. Through its retirement division, Spectra provides 401(k) retirement services, fiduciary risk management services, investment due diligence, plan and compliance review, provider services and benchmarking, and wealth management.
Spectra will join Hub International Insurance Services Inc. and Bennett will continue to lead Spectra operations. Terms of the acquisition were not disclosed.