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Hub International Ltd. has acquired certain assets of Christiansen Insurance Group LLC, Hub said in a statement Monday.
Terms of the transaction were not disclosed.
Christiansen Insurance Group provides commercial insurance to the aviation, construction and design, energy and financial industries. The broker has 26 employees, according to an email from a spokeswoman.
Ralph Christiansen, president of Christiansen Insurance Group, will join Hub Puerto Rico as senior executive vice president and report to Antonio Casellas, president and CEO of the region.
Chicago-based Hub is the seventh-largest brokerage of U.S. business, according to Business Insurance’s latest ranking.
Hub International Ltd. has acquired Boston-based registered investment adviser Baystate Fiduciary Advisors for an undisclosed price, Pensions & Investments reported. Baystate, which provides investment fiduciary advisory services to 401(k) and 403(b) plan sponsors, has 35 plans with $2.9 billion in assets under advisement.