Hub International Acquires Certain Assets of Puerto Rico’s FirstBank Insurance Agency

June 6, 2016

Illinois-headquartered global insurance broker Hub International Limited reports that it has acquired certain assets of FirstBank Insurance Agency Inc.

Terms of the acquisition were not disclosed.

Based in San Juan, Puerto Rico, FirstBank is a general agency providing property/casualty insurance. It is a subsidiary of First Bancorp, a diversified financial institution also based in San Juan.

Acquired assets will be a part of Hub Puerto Rico, according to the announcement.

Source: Hub International

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