Hub expands Northwest footprint with latest acquisition
Hub expands Northwest footprint with latest acquisition | Insurance Business America
Insurance News
Hub expands Northwest footprint with latest acquisition
It swoops for firm established in 1948
Insurance News
By
Mika Pangilinan
Hub International Limited has continued to expand its geographical reach in the Northwest region with its acquisition of the assets of Pollock Insurance, Inc.
Established in 1948, Pollock Insurance is an independent and locally operated agency in Burien, Washington. It specializes in both commercial and personal insurance products.
With the acquisition, Pollock Insurance will now be known as a Hub International company, according to a company release. The agency’s owner, Andrea Pollock Wood, and her team are also set to join Hub Northwest.
The swoop Pollock Insurance is the latest in a series of acquisitions announced by Hub this year. The brokerage has been on an M&A spree as part of a strategy to expand its geographic footprint and strengthen its expertise and product offerings.
“M&A is one of our primary engines,” said Hub chief technology officer Seth McCallister in a 2022 interview with Insurance Business. “We have a strong organic growth combined with our M&A and that’s what we view as our secret sauce.”
In March, Hub also announced its swoop for the assets of Onecap Services and Preferred Services Group. Based in New York, they offer property and casualty insurance coverage, as well as individual and group benefits products, including medical, dental, vision, life, disability and voluntary benefits.
Earlier that same month, Hub acquired the assets of Bolds Risk & Insurance Services. This California-based firm provides commercial and personal insurance and risk management services.
Hub International operates as a full-service broker that provides risk management, insurance, employee benefits, retirement, and wealth management products and services. It currently employs over 17,000 individuals in multiple offices located throughout North America.
Have something to say about Hub’s latest acquisition? Let us know in the comments below.
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