Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Insurance Management Associates Inc. (IMA). Terms of the transaction were not disclosed.
Based in Annapolis, Md., IMA is a full-service commercial and personal insurance agency. IMA President Randall Bieber will join Hub Mid-Atlantic and report to Hub Mid-Atlantic President Norman Breitenbach following the transaction.
According to a company press release, Hub International Limited has a growing strategy through organic and acquisitions to expand its geographic footprint and strengthen industry and product expertise.
Headquartered in Chicago, Ill. Offers property and casualty, life and health, employee benefits, investment and risk management products and services.
Legal warning !
The information, comments and suggestions there are not covered by investment advice. It is based on the author's personal opinions. These views may not fit your financial situation and risk and return preferences. For this reason, based solely on this information, investment decisions may not have the appropriate consequences for your expectation. Our Site is not responsible for any direct or indirect damages incurred by the investors as a result of the use of the information on the Site, deficiencies in the sources, damages incurred by profit, moral damages, or damage to third parties.