Hub International Ltd. on Friday said it has acquired the assets of Western Assurance Corp.
Terms of the transaction were not disclosed.
Based in Albuquerque, New Mexico, Western Assurance specializes in the nonprofit sector and the construction and transportation industries. The deal strengthens capabilities in Hub’s specialty practices, the broker’s statement said.
Western Assurance president Chris Williams and its employees will join Hub Southwest.
Headquartered in Chicago, Hub International Ltd. is the seventh-largest broker of U.S. business, according to the latest Business Insurance rankings.
Broker Hub International Ltd. has acquired the assets of retirement plan consultant GRP Financial California, LLC, reports Yahoo! Finance. Located in San Clemente, California, GRP Financial California offers retirement plan services to both plan sponsors and investors. Jason Jeskey, Austin Gwilliam, Kyle Posvistak, Principals, and the GRP Financial California team will join Hub California.