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Hub International Ltd. said Tuesday that it has acquired the assets of Brentwood, Tennessee-based Cowan Benefit Services Inc.
Terms of the acquisition were not disclosed.
Cowan provides employee benefits, products, consulting, insurance, health and benefits, wellness, and benefit administration services.
Cowan CEO Matt Cowan will join Hub Gulf South and oversee operations in Tennessee.
“Cowan has provided the highest quality service to its clients and developed unique capabilities to meet their needs over the last 25 years,” Mr. Cowan said in a statement. “Adding the capabilities of Hub will allow us to grow and continue to meet these ever-changing needs for many years to come. We were attracted to Hub because of their long-standing belief in the local service model.”
Hub ranked ninth among the world’s largest brokers according to the latest Business Insurance ranking.
H.W. Kaufman Financial Group said Monday that it has acquired New Orleans-based specialty insurance broker B&F Special Risks Inc.