Hub International has acquired the assets of Hiles-McLeod Insurance, an independent insurance agency, for an undisclosed sum.
Based in Florida, the acquired firm specialises in business and homeowners insurance coverage.
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Founded in 1964, Hiles-Mcleod Insurance provides auto insurance, home insurance, business coverage, and individual life insurance.
As per the terms of the agreement, Hiles-McLeod Insurance team will join Hub Gulf South along with Mike Eddins, president of Hiles-McLeod Insurance and vice president, Jason Broxson.
Hub Gulf South president Shaun Norris said: “The addition of Hiles-McLeod Insurance establishes Hub’s presence in the Florida Panhandle and enhances our position as the leading commercial brokerage in the Gulf South region.”
Eddins added: “We are excited to partner with Hub’s team of experts and leverage their expansive array of tools and resources on behalf of our customers.”
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By GlobalDataLast month, Hub International announced the purchase of Risk Point Consulting’s assets to strengthen its existing sports and entertainment speciality practice.
Point Consulting specialises in professional sports and college athletics contractual bonus coverage and over-redemption insurance.
In the same month, it acquired the assets of Ward Insurance.
In January this year, Hub International snapped up CAPAX Management and Insurance Services, an insurance brokerage and employee benefits consulting firm.
In November 2020, it purchased the assets of Baystate Fiduciary Advisors based in Massachusetts.
Headquartered in Chicago, Illinois, Hub International is a full-service insurance broker and financial services firm. It offers risk management, insurance, employee benefits, retirement and wealth management products and services.
