Friday, December 2nd, 2022

Hub Worldwide acquires Jag Insurance coverage Group property

Hub International acquires Jag Insurance Group assets

Worldwide brokerage Hub Worldwide (Hub) has acquired the property 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 offers insurance coverage, consulting providers, analysis, and danger administration to purchasers 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 business 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 superb addition to Hub as a result of it is going to strengthen and broaden the south group’s calibre of insurance coverage providers.

“The addition of a rising company and excessive expertise group aligns with HUB’s strategic ambition to additional broaden our capabilities in Florida at a time of strong progress 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 group, offering merchandise together with business and private insurance coverage and worker advantages providers.

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