Hub International And Bold Penguin To Acquire Leading Digital Small Commercial Insurance Firm Insureon
Acquiring Company
Hub International
Acquired Company
Insureon
ChicagoProfessional ServicesFinancial ServicesHealth CareEmployee BenefitsRisk ManagementInsuranceInformation TechnologyFinancial ServicesSoftwareProfessional ServicesDescription
Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, in partnership with Bold Penguin, Inc. (Bold Penguin), an insurtech innovator, announced today that they have agreed to acquire the assets of Insureon Holdings, LLC (Insureon) and its affiliates. Pending the closings of two separate transactions, Hub will acquire the Insureon digital insurance agency and brand while Bold Penguin will acquire the Insureon technology platform. Hub will also enter into an enterprise agreement with Bold Penguin to license the Insureon technology platform. Terms of the transactions were not disclosed.
Quick answer
Hub International and Bold Penguin are acquiring Insureon, announced March 1, 2022. Hub International is based in Chicago, Illinois, United States.
- How much did Hub International pay for Insureon?
- 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 Insureon based?
- Hub International is based in Chicago, Illinois, 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.
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Who to call at Hub International, and when
When Hub International changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Insureon?
Insureon was acquired by Hub International, based in Chicago. The deal was reported on March 1, 2022. 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 Insureon?
Hub International's acquisition of Insureon was reported on March 1, 2022. Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, in partnership with Bold Penguin, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Insureon do?
Headquartered in Chicago, Insureon is the largest independent agency for the online delivery of commercial insurance to small and medium-sized businesses. It is privately held, operating in Professional Services.
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