Insurance broker Hub International Limited (Hub) has acquired the assets of Benefit Concepts Inc. (BCI), a Shreveport, La.-based employee benefits brokerage firm. Terms of the acquisition were not disclosed.
BCI will become part of the Texas operations of Hub International Insurance Services (Hub Texas). Troy Davis, principal, will join Hub, reporting to Jack McGrath, president and CEO of Hub Texas.
BCI specializes in employee benefits programs for middle market businesses, with expertise in many areas including voluntary and self-funded programs. It offers value-added services, including a proprietary benefits administration system that provides a streamlined billing process to reduce the workload of clients’ human resources departments and an open enrollment platform for voluntary benefits.
This acquisition expands Hub Texas’ footprint and employee benefits capabilities.
Topics Mergers & Acquisitions Texas Agencies Louisiana Employee Benefits
Was this article valuable?
Here are more articles you may enjoy.
Manufacturers Hammer IBHS Over 15-Year Roof Age Limit for Fortified Designation 
Nvidia’s Huang Ousted by Board After Reports of Three Affairs 
Erie CEO NeCastro Steps Down Early; Bolash Named Interim Leader 
Microsoft Races to Fix Outlook in One of Its Longest Outages 
