Hub International Limited (Hub), a global insurance brokerage, announced that it has acquired the assets of Fidelity Associates Inc. and Fidelity Associates Financial Services Inc.(collectively, Fidelity), servicing Spokane and the greater Pacific Northwest region.
Terms of the acquisition were not disclosed.
Fidelity will become part of Hub International Northwest’s operations.
With the acquisition, Hub Northwest has more than 18 offices and 300 employees and is one of the largest brokers in the state, with a significant presence in both Western and Eastern Washington.
Fidelity is a full-service commercial lines, personal lines and employee benefits agency and brokerage, with industry expertise in education, retail, wholesale, construction, manufacturing, service, wineries, and non-profits.
It has roots in Eastern Washington and the Spokane community that date back to 1906 and is in its fourth-generation of ownership with brothers Scott and Craig Jones.
Scott Jones, president and CEO of Fidelity, in addition to continuing his current client relationships, will join Hub Northwest as executive vice president, taking on a significant leadership role managing all of Hub Northwest’s operations in Eastern Washington. He will report to Andy Prill, president and CEO, Hub Northwest.
Craig Jones is also continuing with Hub Northwest in his current position as account executive. Fidelity’s current team will continue to operate from its existing location in Spokane.
Hub International Limited is headquartered in Chicago.
Source: Hub International Limited
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