Chicago-based Hub International Ltd. (Hub), an insurance brokerage firm, has announced several acquisitions.
It has acquired the shares of Hall-Conway-Jackson Inc. and the assets of Cascade Insurance Group Inc., Bothell, Washington-based insurance brokerage and employee benefit firms, respectively. Terms of the acquisition were not disclosed.
HCJ and Cascade, who share a joint partnership, will become part of Hub International Northwest Ltd. (Hub Northwest). The firms’ two key principals, Thomas F. Jackson and Bob Schmidt, will join Hub Northwest as part of this transaction, reporting to Andy Prill, president and CEO of Hub Northwest.
HCJ was founded in 1935, and is one of the largest retail insurance brokerages in the Pacific Northwest region, offering middle market property and casualty, employee benefits and personal lines products and services to a broad customer base. In 1989, they formed a joint venture with Cascade to manage and develop both companies’ group insurance business. Jointly, they are a full service brokerage with specialty program expertise in professional liability, restaurants, product recall, and taverns. Their capabilities extend to large commercial property developers, shopping centers, manufacturing and habitational real estate accounts.
Additionally, Hub International has acquired the shares of Sander A. Kessler & Associates Inc., a Santa Monica, Calif.-based insurance brokerage firm. Terms of the acquisition were not disclosed.
In connection with this acquisition, Kessler will become part of the Los Angeles operations of Hub International Insurance Services Inc. (Hub California). Steve Kessler, Ken Kessler, Joel Davidowski and Lucille Shalometh, principals of Kessler, will join Hub California and report to William Roeder, senior executive vice president of Hub California.
Founded in 1956, Kessler is an independent full-service insurance agency in California. Kessler currently arranges insurance programs for a range of industries, including manufacturing, seafood, meat processing, security guards, recycling, and the solar industry. They are also known for placing workers’ compensation risks, among other lines of coverage, for these industries.
Hub also acquired the assets of Davis & Graeber Insurance Services Inc., a Redlands, Calif.-based insurance brokerage firm. Terms of the acquisition were not disclosed. The D&G team will become part of the California operations of Hub International Insurance Services (Hub California), and will remain in its existing office. Peter Davis, Marty Davis and Beth Kolpien, the principals of D&G, will join Hub California as part of this transaction.
Established in 1923, D&G is a full service agency, offering commercial lines, employee benefits, and personal lines products and services to an array of businesses and families in Redlands, Pomona, and throughout the Southern California region.
Finally, Hub has acquired the assets of Benefit Resources Inc. (BRI), a Colorado Springs, Colo.-based retail employee benefits insurance brokerage firm. Terms of the acquisition were not disclosed.
The BRI operations will become a part of the Colorado operations of Hub International Insurance Services Inc. (Hub Colorado). George Martin and Jeff Ahrendsen, the principals of BRI, will join Hub Colorado, reporting to Matt Coleman, chief sales officer of Hub Colorado. The BRI team will remain in its existing office in Colorado Springs.
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