Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Insurance Management Associates Inc. (IMA). Terms of the transaction were not disclosed.
Based in Annapolis, Md., IMA is a full-service commercial and personal insurance agency. IMA President Randall Bieber will join Hub Mid-Atlantic and report to Hub Mid-Atlantic President Norman Breitenbach following the transaction.
Hub International Limited has a strategy of growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise, according to a company press release.
Headquartered in Chicago, Ill., it provides property and casualty, life and health, employee benefits, investment and risk management products and services.
Source: Hub International Limited
Topics Mergers & Acquisitions Maryland
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