Hub Acquires Assets of California-Based LBE Insurance Services

HUB International Ltd. has acquired the assets of Chatsworth, Calif.-based LBA Insurance Services Inc.

Lior Avishay, president of LBA, and his colleagues will be joining Hub in Los Angeles. Terms of the deal were not disclosed.

LBA is a full-service agency providing employee benefits, retirement and consulting services.

Chicago, Ill.-based Hub is an insurance broker providing property/casualty, life and health, employee benefits, investment and risk management products and services.