Hub International Limited acquires Insurance Management Company to strengthen commercial insurance and risk management capabilities
Acquiring Company
Hub International
Acquired Company
Insurance Management Company
ChicagoErieProfessional ServicesFinancial ServicesHealth CareEmployee BenefitsRisk ManagementInsuranceFinancial ServicesEmployee BenefitsConsultingRisk ManagementInsuranceDescription
Hub International Limited, a leading global insurance brokerage and financial services firm, has announced the acquisition of Insurance Management Company (IMC). This acquisition is aimed at strengthening Hub's Specialty practice by complementing and enhancing its existing capabilities in commercial insurance and risk management. With this move, IMC will be referred to as Insurance Management Company, a Hub International company, and it is expected to bolster Hub's ability to meet the growing needs of its clients across the region.
Quick answer
Hub International is acquiring Insurance Management Company, announced August 6, 2024. Hub International is based in Chicago, Illinois, United States.
- How much did Hub International pay for Insurance Management Company?
- The deal value was not disclosed.
- What does Hub International do?
- Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services.
- Where are Hub International and Insurance Management Company based?
- Hub International is based in Chicago, Illinois, United States. Insurance Management Company is based in Erie, Pennsylvania, United States.
- Who are the decision-makers at Hub International?
- Fundz holds 3 contacts at Hub International. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Professional Services and Financial Services
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Hub International acquires McClements Insurance Services, LLC to expand employee benefits services (July 19, 2024)
- Hub International Limited acquires assets of Wyatt Insurance Services, Inc. to expand nonprofit and construction commercial insurance and employee benefits services (July 10, 2024)
- Hub International Limited acquires assets of Flexible Benefits Plans, Inc. to enhance employee benefits and general agency services in Pennsylvania (September 5, 2024)
- The Standard to acquire Allstate’s Employer Voluntary Benefits business for approximately $2 billion and enter into a product distribution partnership, $2B (August 13, 2024)
- Crowe LLP completes acquisition of Sylint Group, Inc. to enhance forensics and legal consulting and cybersecurity businesses (August 1, 2024)
- Marsh McLennan Agency completes acquisition of Hudson Shore Group to expand employee benefits services (July 2, 2024)
Who to call at Hub International, and when
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Frequently asked
Who acquired Insurance Management Company?
Insurance Management Company was acquired by Hub International, based in Chicago. The deal was reported on August 6, 2024. Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. Hub International is privately held and operates in Professional Services.
When did Hub International acquire Insurance Management Company?
Hub International's acquisition of Insurance Management Company was reported on August 6, 2024. Hub International Limited, a leading global insurance brokerage and financial services firm, has announced the acquisition of Insurance Management Company (IMC). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Insurance Management Company do?
Insurance Management Company (IMC) provides commercial insurance and risk management services to commercial, industrial, institutional and construction risks. It is privately held, operating in Financial Services, and is based in Erie.
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