Hub acquires Maryland insurance company

Hub acquires Maryland insurance agency

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.


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