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Worldwide brokerage Hub Worldwide (Hub) has acquired the belongings of Florida-based insurance coverage firm JAG Funding Companions LLC, d/b/a/ JAG Insurance coverage Group LLC (JAG Insurance coverage Group) to strengthen its business insurance coverage capabilities.
Based mostly in Coral Gables, JAG Insurance coverage Group gives insurance coverage, consulting companies, analysis, and danger administration to shoppers in numerous industries, together with hospitality, non-profit, and actual property.
The deal, with phrases of transactions nonetheless undisclosed, is anticipated to see JAG Insurance coverage Group’s trade specialisation assist Hub’s Specialty practices by complementing and strengthening its present capabilities.
Hub south area president Mike Chapman mentioned the Florida-based firm is a good addition to Hub as a result of it can strengthen and increase the south group’s calibre of insurance coverage companies.
“The addition of a rising company and excessive expertise group aligns with HUB’s strategic ambition to additional increase our capabilities in Florida at a time of sturdy development and momentum for the agency,” Chapman added.
The deal follows Hub’s acquisition of California-based Chun-Ha Insurance coverage Providers (Chun-Ha Insurance coverage), one of many largest companies serving the Korean-American neighborhood, offering merchandise together with business and private insurance coverage and worker advantages companies.
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