Hub International Acquires BW Insurance Agency

Hub International Limited (Hub), a global insurance brokerage based in Chicago, has acquired BW Insurance Agency Inc. (BWIA) a wholly-owned subsidiary of Bank of the West.

BWIA is a multi-line property and casualty, personal and employee benefits insurance brokerage.

Terms of the acquisition were not disclosed.

BWIA will become part of Hub regional operations including Hub Mountain, Hub Colorado, Hub Northwest and Hub Midwest.

BWIA specializes in key industries including agriculture, real estate, energy, transportation and construction and has a robust team of experts in executive and professional liability, workers’ compensation and personal insurance solutions. BWIA operates from more than 40 offices located across eight states including Colorado, Iowa, Minnesota, Nebraska, North and South Dakota, Oregon and Wyoming.

BWIA employees who join Hub will either remain in existing locations that will become new Hub offices or relocate to nearby existing Hub regional offices.

BWIA leadership, Wayne Dauwen, chief administrative officer, will join Hub as chief operating officer, HUB Mountain, based in the Fargo, N.D., office. Bruce Gaughan, finance manager, and other BWIA regional sales and operations leaders also will join Hub.

Hub International Limited

Topics Mergers & Acquisitions