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Hub International Acquires California-Based HMBD Insurance Services
Thursday 05 December 2019

5 December 2019 - Chicago, US-based insurance brokerage Hub International Ltd. has acquired California, US-based insurance agency Hamman--Miller--Beauchamp--Deeble, Inc. d/b/a HMBD Insurance Services, Inc., the company said.

Terms of the transaction were not disclosed.

HMBD provides multi-line insurance solutions, including personal, commercial and employee benefits products, for their clients. Its focus on various industries, such as construction, healthcare (dental professional liability), and transportation (railroads), supports Hub's Speciality practices by complementing and strengthening its existing capabilities.

Hub said HMBD will expand the scope of Hub's insurance solutions, positioning it to provide total insurance and risk management solutions.

Hub International Ltd. is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services.
Date Published: 05/12/2019
Target: Hamman--Miller--Beauchamp--Deeble, Inc. d/b/a HMBD Insurance Services, Inc
Country: USA
Sector: Insurance
Type: Corporate acquisition
Status: Closed
Buyer: Hub International Ltd
Terms of the deal were not disclosed