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Hub expands Southeast presence with acquisition

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Hub International Ltd. on Tuesday said it has acquired the assets of Columbia, South Carolina-based KeenanSuggs Insurance Inc.

Terms of the deal, which is expected to close Aug. 1, were not disclosed.

KeenanSuggs is a provider of multi-line insurance including property and casualty, personal lines, employee benefits and risk services throughout the Southeast, Chicago-based Hub said in a statement.

KeenanSuggs President and CEO Tommy Suggs will become president and CEO of the Carolinas region for Hub Southeast, and Mitch Watson, KeenanSuggs’ chief financial officer and chief operating officer, will join as COO of Hub Southeast’s Carolinas region, according to the statement.

Hub International is the world’s eight-largest insurance broker, according to Business Insurance’s latest ranking.