Chicago-based global insurance broker Hub International Limited has acquired the assets of Ballard Insurance Agency, a Melbourne, Florida-based insurance brokerage with coastal personal lines experience. Terms of the acquisition were not disclosed.
Ballard will become part of the Hub International Florida operations (Hub Florida). Hub Florida will relocate its Melbourne office to Ballard’s existing Melbourne location.
The Melbourne office will report into Latimer Farr, president of Hub Florida’s current locations, and roll into the larger Hub Southeast operations under CEO Mike Chapman.
“Ballard’s strength in personal lines insurance is remarkable and its deep expertise in coastal Florida concerns for home and auto insurance are key needs for this market,” said John Connelly, director of Southeast M&A.