Hub acquires Georgia sports broker

Hub International Ltd. has acquired the assets of Marietta, Georgia-based brokerage Risk Point Consulting Inc. in a move that strengthens its sports and entertainment specialty practice.

Terms of the transaction were not disclosed.

Risk Point Consulting specializes in professional sports and college athletics contractual bonus coverage and over-redemption insurance, Hub said in a statement Friday.

Michael Wright, president of Risk Point Consulting, and his team, including Adam Goldfarb, vice president of sales and operations, and Ari Weitz, vice president of sales and client management, will join the Hub Gulf South region, Chicago-based Hub said.

Formed in 2005, Risk Point Consulting has managed more than $1 billion in risk exposure since it started business.