CHICAGO, March 2, 2023 /PRNewswire/ — Hub Global Restricted (Hub), a foremost international insurance coverage brokerage and economical providers business, introduced currently that it has obtained the property of Dwight W. Andrus Coverage Inc., Dwight Andrus & Richard Insurance, Inc., and DAI Shreve, LLC (Dwight Andrus Insurance). Terms of the transaction were not disclosed.
Headquartered in Lafayette, Louisiana with 6 added locations in the point out, Dwight Andrus Coverage is one of the biggest unbiased insurance coverage organizations in the nation with 130 staff members. For additional than 75 many years, Dwight Andrus Insurance policy has offered commercial insurance plan, surety and bonding, captive and substitute danger insurance policy, own insurance policy, and worker positive aspects.
“Joining Hub is a excellent shift for Dwight Andrus Insurance policies – its personnel, clients and community,” claimed Dwight Andrus IV, CEO and President of Dwight Andrus Coverage. “We will carry on running in the way that has designed us profitable, when owning entry to the benefits, equipment and sources that occur with the 5th greatest worldwide broker. Hub is an superb cultural match for us, due to the fact they have a fantastic standing of staying an industry chief in bringing artistic and practical solutions to clients, when often undertaking what is right.”
“The Dwight Andrus Insurance plan team’s selection to partner with Hub reinforces our posture as the broker of alternative throughout the Gulf South area,” said Shaun Norris, President of Hub Gulf South. “With the addition of Dwight Andrus Insurance coverage, we double our business insurance plan existence in the location, when introducing a considerable product sales pressure concentrated in the western 50 % of our point out. This transaction represents just one of the greatest of its sort in Louisiana.”
Dwight Andrus Insurance coverage management, together with Dwight Andrus IV, Dwight Andrus III, David Andrus, and Charlie Babineaux, and the Dwight Andrus Insurance plan staff will be part of Hub Gulf South.
Dwight Andrus Insurance policies was represented by the consulting firm Reagan Consulting for the transaction.
About Hub’s M&A Things to do
Hub Global Limited is fully commited to growing organically and by way of acquisitions to expand its geographic footprint and strengthen field and product or service abilities. For more details on the Hub M&A expertise, take a look at WeAreHub.com.
About Hub Global
Headquartered in Chicago, Illinois, Hub International Limited is a major full-provider international insurance coverage broker and money solutions agency delivering risk management, insurance coverage, employee positive aspects, retirement and wealth management items and providers. With more than 16,000 staff members in places of work positioned all through North The usa, Hub’s huge community of specialists brings clarity to a transforming world with tailor-made solutions and unrelenting advocacy, so purchasers are completely ready for tomorrow. For much more details, take a look at Hub Media Centre.
Media: Jessica Wiltse
M&A: Clark Wormer
Source Hub Intercontinental Constrained