Hub International Limited, has acquired the assets of CBIS, LLC, d/b/a “In-Fi” (In-Fi). Terms of the transaction were not disclosed.
Established in 2016 by co-founder Jon Chasteen, In-Fi developed a distribution platform for financial institutions, which utilizes technology and automation to monetize high volume, low premium insurance placements, and establishes lead generation through fulfillment, service and renewal.
Hub said In-Fi’s focus on streamlining customer engagement quickly and providing strong customer service supports its ongoing strategy to connect with personal lines insurance customers.
Hub also hired property and casualty insurance specialist and In-Fi co-founder Chasteen and acquired his book of business.
Based in Atlanta, Chasteen will join the Hub South region, bringing with him more than 15 years of experience designing, placing and managing complex insurance and risk management programs. In addition to starting In-Fi, Chasteen previously worked with Palmer & Cay. He specializes in financial institutions, complex property & casualty, alternative risk transfer/captives and international insurance.
Headquartered in Chicago, Illinois, Hub International Limited is a full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services.
Topics Mergers & Acquisitions InsurTech Tech Property Casualty
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