Hub International Strengthens Marine Insurance Division
Hub International Limited, a leading global insurance brokerage and financial services firm, has made a significant move by acquiring C&L Marine Insurance. This strategic acquisition signals Hub's commitment to enhancing its marine insurance capabilities, thereby better serving its clients and expanding its market reach.
Introducing C&L Marine Insurance
C&L Marine Insurance, an independent firm, is renowned for its specialization in marine insurance products. This acquisition allows Hub to leverage C&L's expertise and established relationships in the industry. With C&L's base in Florida, the addition of this firm to Hub’s fold opens the door to new opportunities for growth in marine insurance solutions.
Leadership Voices Excitement
Chris Gardner, the Chief Executive Officer of Hub Florida, expressed enthusiasm about the acquisition. He stated, "We welcome Scott and his team to Hub. Scott's expertise will add significant value to our clients and accelerate growth in the region." This statement underscores the strategic importance of acquiring a team well-versed in marine insurance, ensuring that clients receive optimal support and service.
New Openings and Team Integration
As part of this transition, Scott Costolo, the President of C&L Marine Insurance, along with his dedicated team, will integrate into Hub Florida. They will work collaboratively to enhance client relationships and develop innovative marine insurance solutions tailored to customer needs. C&L Marine Insurance will operate under the Hub International brand, maintaining its focus on providing specialized marine insurance products.
Hub's Commitment to Growth
Hub International Limited is committed to growth through both organic means and strategic acquisitions. This approach allows the company to expand its geographical presence and reinforce its industry and product expertise. With each acquisition, Hub aims to offer a broader range of services and a more comprehensive customer experience, making them a formidable entity in the insurance market.
About Hub International
Headquartered in Chicago, Illinois, Hub International Limited serves as a full-service global insurance broker and financial services firm. They provide an array of offerings including risk management, employee benefits, and wealth management solutions. With a workforce exceeding 19,000 professionals spread across North America, Hub International is dedicated to delivering tailored solutions that meet the evolving needs of its clients, ensuring they are prepared for the future.
Contact Information
For media inquiries, Jessica Wiltse can be reached at 312-596-7573. Clark Wormer handles M&A queries and is available at 312-279-4848. While specific emails were not included, Hub International welcomes any inquiries regarding their services and acquisitions.
Frequently Asked Questions
What is the significance of Hub International acquiring C&L Marine Insurance?
This acquisition allows Hub to enhance its marine insurance offerings and expand its market presence, benefiting clients with specialized solutions.
Who is the President of C&L Marine Insurance?
Scott Costolo will join Hub as the President of C&L Marine Insurance, bringing his expertise to the team.
How will this acquisition impact existing clients?
Clients will benefit from increased resources, enhanced services, and the expertise of a larger team focused on marine insurance.
Where is C&L Marine Insurance located?
C&L Marine Insurance is headquartered in Florida, providing a strong regional presence in marine insurance.
What other services does Hub International provide?
Hub International offers various services, including risk management, employee benefits, retirement planning, and wealth management, catering to a diverse client base.
