Hub International Expands Services with ANCO Insurance Acquisition
Hub International Strengthens Its Position in Insurance Market
Hub International Limited (NASDAQ: HUB) is making significant strides in the insurance sector by acquiring ANCO Insurance Managers, Inc. This strategic move not only enhances Hub's commercial and personal insurance solutions but also deepens its employee benefits offerings.
About ANCO Insurance Managers
ANCO Insurance, headquartered in Texas with multiple offices, is recognized as one of the largest independent insurance brokerages in the region. With over 150 years of experience, ANCO offers robust products for both business and personal insurance, catering to thousands of clients across the region. The firm employs a dedicated team of over 150 professionals who are committed to meeting diverse client needs.
Leadership Perspectives
Martin Yung, President and CEO of Hub Texas, expressed enthusiasm about ANCO Insurance joining their ranks, highlighting the value of ANCO's extensive industry knowledge and strong relationships with top insurance carriers. He emphasized how this acquisition will aid in propelling Hub's growth strategy within the area.
Ross Gunnels, President of ANCO Insurance, stated that becoming part of Hub marks a new chapter of growth and opportunity for their clients and employees. He underlined the benefits of increased resources, expertise, and enhanced cross-selling capabilities that will come from this partnership.
The Future of Hub and ANCO Insurance
ANCO Insurance will now operate as ANCO Insurance, a Hub International company. This transition is expected to strengthen the foundation of both firms, as they work together to deliver greater value to their clients.
Hub's Commitment to Growth
Hub International is dedicated to both organic growth and strategic acquisitions to expand its footprint and enhance industry expertise. The acquisition of ANCO Insurance perfectly aligns with Hub’s ongoing mission to provide comprehensive risk management solutions and meet the evolving needs of their clients.
About Hub International
Based in Chicago, Illinois, Hub International Limited is a premier global insurance broker and financial services firm. With a wide array of solutions that include risk management, insurance products, and employee benefits, Hub employs over 18,000 people across numerous offices in North America. Their extensive specialist network is designed to offer tailored solutions that prepare clients for the challenges of tomorrow.
Frequently Asked Questions
What is the significance of Hub's acquisition of ANCO Insurance?
The acquisition enhances Hub's commercial and personal insurance offerings while expanding employee benefits solutions.
How long has ANCO Insurance been in operation?
ANCO Insurance has an impressive history of over 150 years providing comprehensive insurance solutions.
What benefits will clients gain from this acquisition?
Clients can expect improved service offerings, increased resources, and enhanced expertise to meet their insurance needs.
Who will be leading ANCO Insurance under Hub International?
Ross Gunnels will remain President of ANCO Insurance, continuing to lead the team within Hub Texas.
Where is Hub International headquartered?
Hub International is headquartered in Chicago, Illinois, with a robust presence throughout North America.
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