Chicago insurance broker expands Midwest footprint

Hub International Midwest Ltd., part of Chicago-based Hub International Ltd., on Wednesday said it has acquired Tulsa, Oklahoma-based property/casualty and employee benefits brokerage The Holmes Organisation.

Terms of the deal were not disclosed.

The acquisition expands Hub Midwest’s operations in Oklahoma and Arkansas, Hub International said in a statement. Holmes will continue to operate from its existing offices in Tulsa and Little Rock, Arkansas, and will become part of Hub Midwest.

Stuart F. DeSelms, Tulsa-based president of Holmes, will join Hub Midwest as executive vice president and chief sales officer, reporting to Trey Biggs, president and CEO of Hub Midwest’s Oklahoma operations.

“Holmes is excited to be part of Hub and take advantage of resources both in terms of access to an expanded service offering as well as operational and carrier relationship efficiencies,” Mr. DeSelms said in the statement. “It’s a great fit for both organizations to build on complimentary property and casualty, personal lines and employee benefits.”

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