Hub International Limited has announced the acquisition of the assets of Insurance policies Management Associates (IMA). Conditions of the transaction ended up not disclosed.
IMA is a total-assistance industrial and particular insurance coverage company primarily based in Annapolis, Md. Randall Bieber, president of IMA, will join Hub Mid-Atlantic. Beiber will report to Norman Breitenbach, president of Hub Mid-Atlantic.
The acquire of IMA marks Hub’s next US acquisition immediately after a current M&A spree in Canada. Very last month, Hub acquired Liberty New Gate Insurance policies Providers, a California-primarily based industrial insurer specializing in the agriculture and horticulture sector.
Hub also a short while ago acquired Frontier Business enterprise Centre in Saskatchewan and Clearwater Insurance coverage Team, Access Insurance policy Brokers and Advantage Broker Companies in Ontario.